The Electricity Rate Reduction Bond Act 2015 (“ERRBA”) and the Electricity Act 2015 (“EA 2015”) (together “the Acts”) came into force on 30th December, 2015 as part of the reform of the electricity sector in accordance with the National Energy Policy. The overall objective of the Acts is the institution of a new electricity regime to provide affordable energy and long term energy security in The Bahamas.

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