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* Revoking GRENLEC’s license at the end of 30 or 55 years, and approving sublicenses authorized by GRENLEC * Making regulations for consumer and public safety, and for quality of service and reasonable standards of performance by GRENLEC * Giving directions, after consulting with GRENLEC, to preserve the security of buildings or installations used for generation, transmission, or distribution of electricity * Making regulations to prescribe environmental standards to be observed by GRENLEC based upon the generally accepted standards applied to the operation of electricity utilities - The Ministry of Economic Development, Trade, Planning, Cooperatives & International Business is responsible for managing natural resources and enacting environmental legislation.286 - The Physical Planning Unit within the Ministry of Communications, Works, Physical Development, Public Utilities, ICT, and Community Development is responsible for approving applications for developing land.287 • Regulation—Although the Public Utilities Commission Act 13 of 1994 (PUC Act) mandated the establishment of a Public Utilities Commission (PUC) to regulate the electricity sector, the PUC has not been appointed. The government intends to establish the Public Utilities Regulatory Commission (PURC) through the Public Utilities Regulatory Commission Act (PURC Act), which would replace the PUC and PUC Act, respectively. The PURC Act would assign the PURC with responsibilities to regulate the electricity sector, such as setting and regulating GRENLEC’s rates and approving PPAs between GRENLEC and IPPs.288 However, until the PURC is established there is no independent economic regulator in Grenada. Currently, regulatory functions are spread across the following ministries: - The Ministry of Finance oversees GRENLEC to ensure it complies with the ESA - The Electrical Inspectorate Unit of the Ministry of Public Works is responsible for checking and testing electric lines and plants to ensure the safe and reliable provision of electricity • Generation, Transmission, and Distribution— GRENLEC, a privately owned company, holds an exclusive license to supply power in Grenada until 2073. The utility provides electricity service on Grenada, Carriacou, and Petite Martinique. GRENLEC is responsible for granting permits to customers to install distributed generators that use renewable resources and sell the excess electricity to the grid. GRENLEC is also responsible for granting sublicenses for third parties that wish to generate, transmit, or distribute; however, no sublicense has been granted to date. 128PDF Image | Unlocking Geothermal Power Eastern Caribbean Powerhouse
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