URCA issues this Statement of Results and Final Decision further to its Consultation on “Definition and Interpretation of a Major Outage in Public Electricity Supplier and Authorized Public Electricity Supplier Licenses – ES 02/2022” document (“the Consultation Document”) published on 1st November, 2022, in exercise of its powers under section 38(c) of the EA.
URCA notes that the term major outage is defined in the definitions page of the licenses for a Public Electricity Supplier License (“PESL”) and an Authorized Public Electricity Supplier License (“APESL”) , but that term lacks the specificity necessary to provide guidance to licensees to respond to queries from URCA and within which URCA can provide the necessary regulatory oversight. Specifically, URCA considers that there is potential ambiguity when interpreting this term consequential to definitional omissions of key elements of the license. To remove this potential ambiguity for the purpose of interpreting what is a major outage, URCA engaged in a consultation procedure to define these terms on 1 November, 2022, received comments from stakeholders on 1 December, 2022 and now issues this SoR.
This Statement of Results and Final Decision now sets out URCA’s response to the submissions received during the consultation process and presents URCA’s final decision as it relates to the appropriate definition of a “major outage” as used in the PESL and APESL.
The Statement of Results and Final Determination is available on URCA’s website (www.urcabahamas.bs).
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