The territory’s considerable fossil fuel imports are well on the way to see a 20 percent decrease in the next two to three years; now with the successful implementation of the BVI Electricity Corporation (Renewable Energy) Regulation.
This law came into effect a week ago and provides residents and business owners with guidelines on how to install renewable energy systems at their homes and businesses, or how to start what the Electricity Corporation describes as utility-scale projects permitting persons to sell renewable energy such as solar power.
Minister responsible for energy Mark Vanterpool said this new law indicates major progress in government’s longstanding goal to ‘address the current and future energy needs of our territory’.
“Even as we continue to import oil and gasoline for our energy and transportation needs, efforts intensify to reduce our vulnerability to this risk. With the modernizing of legislation and a public education campaign, government will also continue initiatives to ensure that by 2021, fossil fuel imports will decrease by 20 percent, 50 percent of consumers will be using energy conservation measures and by 2023, [and] 30 of the territory’s energy will be supplied by renewable means,” Vanterpool said.
And according to General Manager for the Electricity Corporation, Leroy Abraham: “This is not only the beginning of securing a more sustainable and resilient energy future for the territory but will also demonstrate that the BVI is doing its part to combat climate change.”
The corporation said it is now encouraging residents to familiarize themselves with this new legislation as well as the BVIEC Act which was amended in 2015 to support renewable energy.
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