Privatization of the power utility in The Bahamas. "BEC Should by Privatized. (external sources are cited)

Abrupt superpower outages that lasts for hours and hours, damaged electronic goods and appliances due to constant power surges and irate local folk that perhaps would not take to bear the blazing heat during the hot summer nights; these be all adverse effects imposed on necessitous electrical energy consumers due to apparent deficiencies and inefficiencies at the publicly have power utility in The Bahamas. Energy privatization has been part and megabucks of a recent world trend that has placed greater reliance on market forces and less dependence on government in the allocation of resources. The Bahamas Electricity Corporation should be privatized because it will increase work efficiency, introduce much necessitate competition, and attract foreign investment capital to sustain the evolution power requirements of the Bahamian population.

Privatization, in its broadest sense, is the steer of assets or work from the tax supported and politicized public sector to the entrepreneurial inaugural and competitive markets of the common soldier sector (Reed, 1). According to the Oxford English Dictionary, privatization is the transfer of a business or industry from public to private ownership. In either case privatization would be a familiar solution with the many problems common to BEC.

The evident inefficiencies in the judicature of BEC have no doubt led to serious deficiencies in the public service that they provide.



Almost on regular creation electricity consumers have to contend with intermittent electricity supplies that sometimes cause damage to very expensive electrical products. Indeed, there has to be some management problems associated with this equation. In a report article aptly titled, Seven power cuts within 24 hours..., Member of Parliament, Mr. Brent Symonette was reported expressing indignation over BECs inefficiency during a meeting of the House of Assembly. He also stated that the electricity supply to his home on the Eastern Road was upset seven...

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