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Puerto Rico’s state senate has taken steps to diversify its energy industry by passing a law on 27 August to provide a framework for co-ops in the sector.
The legislation aims to transform the territory’s energy sector and help communities become more resilient by forming co-operatives.
Under the rules, an energy co-op will require a minimum of five member before setting up. People will be able to develop co-ops to generate energy for themselves, as well as distribute it or sell it to the grid. The law mentions that electric co-ops will also need to ensure they charge fair tariffs.
The general law of co-operative societies has also been amended to include renewable energy co-ops.
Read the rest at Co-operative News
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