Providenciales, Turks and Caicos Islands – Thursday, 30th November 2023: The Energy and Utilities Department (EUD) of the Turks and Caicos Islands, today reminds the public that the comprehensive Renewable Energy Legislation is currently before the House of Assembly and that the Legislation not only addresses the existing challenges posed by fuel price volatility but also lays the foundation for a sustainable and resilient energy future for the TCI.

In a recent press release, FortisTCI cited global factors such as production cuts and increased demand for fuel, leading to a surge in market prices. The EUD acknowledging these challenges thanks our power supplier for its proactivity when it comes to informing consumers of any changes in the cost of electricity.  Further, the Government of Turks and Caicos wants residents and guests to know that it is committed to taking proactive measures that will transform the energy landscape through robust Renewable Energy Legislation. 

In that vein, Delano Arthur, the new Energy and Utilities Commissioner looks forward to working with FortisTCI in the upcoming days to find innovative and collaborative solutions to reduce the cost of Fuel and Energy in the Turks and Caicos Islands.  This initiative aims to not only mitigate the impact of volatile fuel prices but also secures a sustainable, reliable, and affordable energy future for all of us.

Key components of the Renewable Energy Legislation include:

• Integrated Resource Plans: A formal planning process to prioritise renewable energy in addressing evolving energy needs.
• Competitive Tendering Process: Government-run initiatives to promote healthy renewable energy competition, achieve low-cost energy, and meet Paris Agreement goals.
• Administrative and Regulatory Measures: Establishing clear processes and responsibilities for all players who are in the renewable energy market.
• Licensing and Safety Standards: Comprehensive licensing provisions to ensure accountability and safety standards for renewable energy systems.
• Net Billing Program: Allowing building owners to self-generate and sell surplus electricity back to the grid.

The Renewable Energy Legislation serves as a mitigation against volatile fuel prices. By transitioning to cleaner energy sources and fostering a diverse renewable energy infrastructure, these Islands aim to reduce dependency on fossil fuels. The competitive tendering process introduced in the legislation ensures the selection of the most cost-effective renewable energy solutions, contributing to energy affordability and stability.

As the Islands invest in renewable energy, the increased share of clean, locally produced electricity provides a stable alternative to fluctuating fuel prices. The Net Billing Programme further incentivises distributed energy generation, offering a predictable path for building owners to contribute to the grid and receive compensation, thus reducing reliance on traditional fuel sources.

For further information, please contact:

Delano R. Arthur

Commissioner

Energy and Utilities Department

Turks and Caicos Islands Government

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649-338-3504