In the energy sector in Curaçao, the market for fuel products can be sub-divided in production, distribution and delivery of fuel products. The activities in the field of distribution and supply of fuel products are mainly performed by one dominant party, Curoil N.V.
The supervision and the regulation by BT&P in the field of fuel supply envisages a number of objectives aimed at a market operating as transparently and efficiently as possible in the interest of the consumer.
- Affordability: the establishment of efficient tariffs
- Availability: the provision of proper service to the public with a guarantee of quality and supply of fuel products and the protection of the interests of end users through a market that operates as transparently and efficiently as possible
- Sustainability: the preservation of fuels and more efficient use (so reduction) of fuels in general
Based on these envisaged objectives the BT&P exercises a number of supervision tasks in the field of fuel supply.
Supervision tasks in practice:
- Development of and rendering advice on a policy and regulatory framework for the distribution and delivery of fuels
- Rendering advice on the execution of police and regulatory frameworks
- Rendering advice on tariff structures, terms and conditions for the production and distribution of fuels
- Rendering advice on guidelines for connection tariffs, delivery tariffs and end user tariffs for gas connection
- Rendering advice on quality guidelines for the distribution process of fuels
- Rendering advice on the compliance with the quality criteria by the fuel suppliers for the benefit of high quality service provision to the end user and more transparency and efficiency in business operations
- Rendering advice in case of request for amendment of tariff structures, general terms and conditions of delivery and end user tariffs
- Rendering advice on compliance with statutory provisions about and terms and conditions for decrees on prices
- Monitoring local and international market developments in the field of production and distribution of fuels