Concerns regarding “Grid Stability” were among the major considerations advanced by LUCELEC when they discussed Capacity Limits and Pricing Policy with members of the Business Community at an Executive Luncheon organized by the St. Lucia Chamber of Commerce on Friday 20th October 2023 at the Harbor Club Hotel. Managing Director Gilbert Pultie, made this and other salient points as he outlined some key considerations that had to be taken account of in this important discussion on a move to renewable energy.
Members of the Business Community generally were very keen on seeing higher capacity limits for renewable energy self-generation both for residential and commercial entities, which would lead to lower energy costs for these users. Yet there emerged a firm appreciation for the financial viability and continue high quality operation and services provided by LUCELEC to be preserved in any new arrangement.
The Meeting revealed a growing impatience with the pace of movement on critical components within the framework that needed to be resolved, including pricing arrangements to ensure that all users of the grid contribute to the cost of use of the grid, as well as the setting of limits and the important Integrated Resource and Resilience Plan soon to be completed that will inform some critical decisions to be made by LUCELEC.
All in all, the open frank and insightful discussion initiated by the LUCELEC presentation was most valuable and highlights the need for the business community to engage and take time to participate in these types of discussions, (National Energy Transition and Review of the Electricity Supplies Act) that have been ongoing for years and have critical and significant impacts on the operations and viability of their businesses.
LUCELEC indicated a willingness to work with the business community in a more assertive and new ways to help them achieve their shared objectives in the supply of and use of energy resources and has committed to continuing the conversation with the private sector. The Chamber will shortly be announcing the subsequent sessions to be held.
The St. Lucia Chamber of Commerce, Industry and Agriculture is located at Orange Park Commercial Building, 1st Floor, Bois D’Orange, Gros Islet.
Advocating on behalf of members with the public sector. Increased visibility and credibility. Business training and education information sharing and networking.
A chamber of commerce is an organization of business owners and entrepreneurs who promote the interests of their local business community. Chambers of commerce provide access to valuable resources, discounts, and relationships that help businesses save money and market their products.
Chambers of Commerce will act to promote public policies that are in the best interest of business, in general. Specific Chambers of Commerce may also attempt to promote policies that serve specific industries or geographic locations.