Overview
The mandate of the Electricity Regulation is Economic Regulation of the electricity industry and is derived from the Electricity Regulation Act. The division has four departments that serve as a platform to achieve its mandate.
Licensing and Compliance Department
- Issues licences with terms and conditions for: generation, transmission and distribution of electricity
- Import/export of electricity
- Traders in electricity
- Registers those who provide the above services but do not need to be licensed
- Monitors compliance with licence terms and conditions by licensees
Pricing and Tariffs
- Economic regulation of the electricity supply industry
- Setting of tariff guidelines and structure
- Tariff methodologies (eg.:Rate of Return, Multi Year Price Determination)
- Evaluates tariff applications from licensees
- Pricing frameworks
Electricity Infrastructure Planning
- Planning for the country’s future electricity demand/needs (National Integrated Resource Plan)
- Promoting alternative electricity generation technologies eg. Renewable Energy, Cogeneration
- Promoting demand side management and energy efficiency initiatives
Regulatory Reform
- Design of the regulatory framework for the restructured Electricity Distribution Industry, i.e. the introduction of Regional Electricity Distributors (REDs)
- Research and development of the Electricity Distribution Industry
- International trading framework