[company_age]50.0[/company_age][employees]101-300 employees[/employees][description]The Regulatory Energy Authority (REA) was established in 1973 to oversee and manage the energy sector within the jurisdiction. Its primary mandate is to regulate electricity and gas markets, ensuring fair competition, protecting consumer interests, and promoting sustainable energy practices. REA is recognized for its pioneering regulatory frameworks that have significantly contributed to market stability and efficiency. The entity also administers licensing for energy providers, monitors compliance with energy policies, and conducts regular audits to ensure adherence to environmental standards. Additionally, REA plays a crucial role in advising the government on energy policy developments, conducting research, and facilitating public consultations to reflect stakeholder interests.[/description][ps]Regulation of electricity and gas markets, licensing, compliance monitoring, policy advisory, environmental audits[/ps]