Electricity Act No. 48 of 2015. Country/Territory Bahamas Document type Legislation Date 2015 Source FAO, FAOLEX Original source Extraordinary Official Gazette, 30 December 2015. Long titleAn Act to overhaul the energy sector and establish a sector policy governing the supply of electricity consistent with the goals of the National Energy Policy; to create an electricity supply regime that promotes diversification and competition in the generation, supply and distribution of electricity; to provide for the incorporation by The Bahamas electricity corporation of a subsidiary a d the transfer to the subsidiary of the functions of generation; transmission, distribution and supply of electricity; to establish the utilities regulation and competition authority as the independent regulator of the electricity sector; to modernize and consolidate the law relating to the supply of electricity and electrical installations; to repeal the Electricity Act, Chapter 194 and the Out Islands Electricity Act, Chapter 195 and for connected matters. Subject Energy Keyword Legal proceedings/administrative proceedings Basic legislation Business/industry/corporations Certification Enforcement/compliance Consumer protection Court/tribunal Energy conservation/energy production Environmental planning Offences/penalties Protection of environment Renewable energy Royalties/fees Policy/planning Geographical area Americas, Caribbean, Latin America and the Caribbean, North Atlantic, Small Island Developing States Entry into force notes This Act shall come into operation on such date as the Minister may appoint by notice published in the Gazette. Abstract The purposes of this Act are to: (I) create an electricity supply regime which recognizes that safe, least cost, reliable and environmentally sustainnble electricity is vital to the economic and social welfare of The Bahamas and encourages and promotes diversification in the generation, transmission, distribution and supply of electricity; and energy efficiency, energy conservation, and the development arid use of renewable energy resources and technologies; (II) secure the long-term energy security of The Bahamas through the establishment of a legal and regulatory framework that ensures the provision of a safe, least cost, reliable and environmentally sustainable supply of electricity; and (III) establish an electricity sector policy for the supply of electricity throughout The Bahamas consistent and in accordance with the goals of the national energy policy. Full text English Website www.urcabahamas.bs