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Electricity report released by regulators

A preliminary report on the possible future of the electricity sector was released by the industry watchdog tonight.The Regulatory Authority published the document on its website and asked for public views to be submitted by June 2.The authority said that the report was prepared after “a comprehensive review to identify ways to improve the efficiency of the regulatory framework that governs the sector”.The report said that the RA received 18 responses to a consultation document last year.Members of the public were asked questions such as whether or not there should be charging points for electric vehicles across Bermuda that consumers could pay to use.They were also asked to consider if community energy projects would be beneficial. Proposals from the RA included that its functions should “explicitly include the promotion of clean energy”.The authority said its main objectives for the sector were to: • Promote and preserve competition• Promote the interests of the residents and consumers of Bermuda• Promote the development of the Bermudian economy, employment and ownership• Promote innovation and• Provide for the control and conduct of the grant, renewal, modification, suspension or revocation of licences for the provision of electricity. The preliminary report is available at the RA’s website at www.ra.bm.