PRESS RELEASE: URCA finalizes Alternative Dispute Resolution Scheme for Licensees in Electricity Sector
NASSAU, THE BAHAMAS (01 October 2021) The Utilities Regulation and Competition Authority (URCA) announced that it has finalized the Alternative Dispute Resolution (ADR) Scheme for the Electricity Sector (ES). The ADR Scheme applies specifically to licensees who have been issued a Public Electricity Supplier License (“PESL”), Authorised Public Electricity Supplier License (“APESL”), or Independent Power Producer License (“IPPL”). In accordance with the Electricity Act, 2015 (EA), URCA is mandated to establish an ADR scheme to resolve disputes between licensees and independent power producers. Through various drafts and consultation, the Regulator is pleased to publish the ADR Scheme for use. As…