Interim tariffing rules for the Caribbean

Regulation & Policy    Sep 18, 2019 3:34 PM

The Ministry of Mines and Energy (MinEnergia) announced a special temporary regime for electricity rates in the Caribbean region.

The tariff will be extended for a maximum of five years, and it is aimed at assuring the sustainability of services in the Caribbean region, as stated in the National Development Plan (PND).

According to the government, the decree also seeks to establish conditions to prevent energy services from collapsing due to deterioration in Electricaribe’s operations, and to help the process of choosing a new energy operator for the Caribbean Coast.

This special transitional regime will be led by the Energy Regulation Commission (CREG); entity in charge of defining the new tariffs, which have not yet been specified.

The new rates add to the energy surcharge of strata 4, 5 and 6 users throughout the country, to cover the debts of Electricaribe.

Bottom-line: This measure is the perfect example of how citizens often end up paying for the government’s poorly planned policies, which are often exacerbated by ‘irregularities’, too.

Hopefully whoever replaces Electricaribe gets to provide a better energy service for the region.

Hopefully, authorities get to spread awareness among locals and public entities, regarding the importance of paying energy bills; the energy crisis in the Caribbean could use a change in peoples’ way of thinking, too.

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