Arising out of an earlier Study on regional regulatory authority, the World Bank has recommend the establishment of an Eastern Caribbean Regulatory Authority (ECERA) to provide for regulation in the OECS sub-region. Given the necessity of cross-border trading in electricity as a necessary step to support expansion of renewable energy development, a supra national regulatory body is deemed an imperative for such developments. In 2011 the World Bank approved two zero-interest loans totaling US$5.6 million to facilitate establishment of ECERA.
As a regional electricity sector regulator, ECERA aims to improve electricity service delivery and diversify sources of energy generation, including renewables, across the Organization of Eastern Caribbean States (OECS) countries. Importantly, ECERA will increase the capacity of OECS countries to implement regional arrangements for electricity supply, in particular, taking advantage of the geothermal energy resources in that sub-region