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this policy instrument. Addressing the statistical needs is highly recommended to enable the Energy Unit to monitor the use of incandescent versus CFLs in the nation. The main challenges in the legal, policy, regulatory, and institutional framework are the following. • No clear institutional framework for energy governance exists for St. Vincent and the Grenadines. • No discernible regulatory oversight is being conducted nor is any entity dedicated to that purpose. • The ESA is outdated. • Limited data is available on the energy sector, and data collection, monitoring, and evaluation are limited. 3.7.18 Institutional Framework The institutional framework governing the energy sector includes the St. Vincent Electricity Services Limited which is government owned and has exclusive rights to provide electricity. Additionally, VINLEC is responsible for maintaining generation equipment and transmission and distribution systems. VINLEC also is a department in the Office of the Prime Minister. The infrastructure governed by VINLEC, including its generators, have been characterized as “old, inefficient, and in need of replacement” (Government of St. Vincent and the Grenadines 2010, p. 15). New facilities and equipment, however, are forthcoming. 3.7.19 Assessment of the National Energy Policy and Energy Action Plan In March 2009, St. Vincent and the Grenadines became the first Eastern Caribbean nation to formally receive Cabinet approval for its national energy policy. The government has recognized the significant role energy diversification plays in the country’s economy and in poverty reduction (International Monetary Fund 2011) and is guided by the following principles (International Monetary Fund 2011) in the preparation of the national energy plan. • Guarantee a clean, reliable, and affordable energy supply to customers. • Strengthen the national economy by reducing the dependence on import of fossil fuels. • Stabilize and possibly reduce the energy consumption per capita in the medium- and long-term. • Reduce the dependence on import of energy through continued and expanded exploitation of indigenous resources and improvement of energy efficiency and conservation of energy. • Liberalize the energy market by encouraging and accommodating private-sector participation in energy development and energy services, thereby enhancing competitiveness and engendering lower prices. • Take advantage of renewable, local energy resources, wherever this is possible from the aspects of availability (potential), energy demand, technical and social implications, economic feasibility, ecological harmony, and sustainability. • To always encourage and stimulate the efficient use of all energy resources, keeping in mind that all types of energy either are scarce or need significant amounts of capital to be tapped into or transposed into applicable forms of energy use. • In all its decision making with respect to energy services development, the government will strongly promote the active participation of the energy sector, the general public, and NGOs. • In delivering energy services, the government will minimize subsidies to consumers and set prices and tariffs in such in way that they timely reflect full cost but take into account ways to relieve the price burden on the lowest-income households. 97PDF Image | Energy Policy and Analysis Caribbean
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