A renewable energy policy is high on the list of “to do things” for this administration.
Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, said the enactment of and the implementation of the right energy policy is a top priority for Government, as this country is currently spending too much money on fossil fuel which is alongside education and health care in terms of expenditure.
Inniss made these comments during a recent meet and greet session with staff at the Fair Trading Commission, Green Hill, St. Michael.
He said: “We have no control over the pricing of fossil fuel [and] it impacts too much on everything we do in this society, from everything we produce and all the services we use, residences etc. … so it is very critical for us as a government to get a renewable energy policy going.”
Stating that they first have to look at support from an industrial perspective, and support from a fiscal perspective, Inniss told staff members that their role at the FTC as the regulator would of course relate to the relationships between the current operators of the grid — the Barbados Light & Power Co Ltd. and those who will come on stream as the providers of alternative energy.
The minister also disclosed that legislation was coming before Parliament in a few weeks in relation to the Light and Power Act and that would help bring some clarity and some guidance to the FTC in doing their work.
Emphasising that the role of the FTC was extremely important to the work of this Government in achieving some of their economic and social programmes, the minister noted that he was mindful of the major tasks that the entity had been performing over the last couple of years and the challenges that lay ahead.