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• Designate responsibility to some portfolio—government or independent—to conduct preliminary resource assessments. This will help to reduce the load on utility companies directly and might play a role in eventually encouraging commercial investment. • Identify funding sources and the general fiscal programs and mechanisms that are intended for development in both the short term and long term. Financial incentives and programs should be considered carefully before committing public funds to their development, especially in small, developing island economies. This task can be delegated to a government portfolio. • Address the issue of interconnections and grid access. It should be clear how open the grid is intended to be and at what level competition is assumed to be most favorable. Despite a number of similarities, individual island power sectors have evolved differently and even though in larger, more diverse systems competition at the wholesale level could be useful, for other smaller and perhaps more sensitive island systems competition is better served when limited to the retail level. This issue of power-sector disintegration should be considered carefully from both commercial and technical grid integrity standpoints and decisions with regard to the level and maximum capacity of grid access should be strategic over the long term. Identify bodies or government portfolios that will be responsible for the implementation of the various policy components. As highlighted above, give the often-rudimentary nature of island power sectors, without regulators and legislation it is vital that policy directives be clearly assigned to some existing body or the mandate for the formation of such should be made. Further, it is important to highlight the supporting regulatory and legislative developments that would be necessary to enable the policy as prescribed. It is crucial to understand the islands are at various levels of legislative sophistication and certain policies could be implementable in some contexts and be completely unsupported in others without the requisite attention to these areas. 101PDF Image | Energy Policy and Analysis Caribbean
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