A senior government minister says today, Wednesday, marks a red letter day for electricity distribution in the country.
Nickolas Steele made his comments as national interest shifts to an important sitting of Parliament, where the Electricity Supply Bill 2015 highlights 8 bills to be tabled in the House of Representatives.
The Bill, in effect, repeals and replaces the 1994 Electricity Supply Act and opens the sector to investments in renewable energy projects.
It is also expected to result in lower electricity prices for consumers, among other benefits.
According to the minister, who was addressing Tuesday’s Post Cabinet Briefing, by passing this bill Grenada will fall in line with OECS regulations that will standardize the supply of energy in all member states.
“I think tomorrow is a day that will go down in history. Tomorrow is a day that will change our economic environment, for all Grenadians, especially for our most vulnerable persons, in terms of having electricity regulated, in terms of having electricity rates decrease, as we move forward,” Minister Steele said.
He believes the bill’s passing will be a landmark move that will make a significant economic difference in the lives of Grenadians.
“It’s a historical day, in terms of undoing a wrong that was done decades ago with the sale of Grenlec and removal of a regulatory authority. Both of those occurrences are what have caused the suffering of Grenadian people for decades, and that is being undone tomorrow,” the government minister said.
The other bills to be tabled in Wednesday’s sitting include; the Customs Amendment Bill 2016, Immigration Amendment Bill 2016, the Physical Planning and Development Bill 2016, the Public Utilities Regulatory Commission Bill 2016, the Gaming Bill 2016, the National Lotteries Authority Amendment Bill 2016 and the Possessory Titles Bill 2016.