The main objective of the project was to start the process through the establishment an Independent Energy Sector Regulatory Commission to meet the energy regulatory needs in an economically and environmentally sustainable manner. The establishment of this Commission included proposals as to approach, powers, funding, rules and procedures, legislation and long term operation.
The project promoted competition in the energy sector and protection of the interest of consumers willing and able to pay for the services they obtain, with respect to competitive and fair prices, reliability and quality of the sector services. It considered domestic and imported energy resources to satisfy the needs of Jordan and for increasing the future role of natural gas and renewable energy in the country’s energy balance.
The project took into account licensing regimes, in particular for the downstream petroleum sector and retail gas sales and distribution sector. Gas distribution networks for smaller industry and for households were expected to be developed rapidly as the JGTP is brought into production and regulation for the protection of such consumers were a key issue.
The powers and mandate of regulators needed to be developed together with defined accountability and provision for review. Statutory duties for conduct and consumer protection have also been provided for.
The tasks implemented by BCEOM (previous name of Egis) were: