The long-term vision for the energy sector is built on ten fundamental elements as follows: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. An energy sector that provides affordable energy supplies to all consumers with the capacity to meet long-term growth in energy demand An energy sector that contributes to the international competitiveness of the productive sectors of the economy An energy sector that is environmentally sustainable with significantly increased use of economically viable renewable energy sources An energy sector that is supported by greater levels of awareness by Bahamians of the importance of energy and its use in their daily lives and the contribution that each person can make to conservation efforts thereby supporting the move to greater levels of energy security An energy sector that reflects a sustained improvement in the ways in which energy is used, through greater energy efficiency, reduced energy intensity and better energy conservation and management An energy sector that is focused on the modernization and expansion of the energy infrastructure (e.g. generation, transmission and distribution systems) to ensure safety, affordability, reliability and competitive advantage An energy sector that is supported by a modern and dynamic regulatory framework that fosters investment, competition, efficiency, public-private partnerships, a level playing field and transparency An energy sector that provides long-term energy security to producers and consumers, including security of supply An energy sector that possesses the flexibility and creativity to adopt and adapt to new and appropriate energy technologies that may emerge over the long term An energy sector with an appropriate institutional framework and high levels of technical capacity to support and facilitate the effective implementation of the policy with support from all relevant stakeholders, including the public and private sectors, Goals of Bahamas National Energy Policy