Quito, Ecuador --- (METERING.COM) --- July 8, 2010 - The Latin American Energy Organization (Organización Latinoamericana de Energía, OLADE) is to analyze the potential and options for using smart grids in the region.

In a recent statement, the organization said that member countries should look to smart grid technology in their pursuit for sustainable development.

The analysis will be undertaken under OLADE’s Energy Efficiency Program for Latin America and the Caribbean (Programa para América Latina y El Caribe de Eficiencia Energética, PALCEE), which was launched in February with support from the Austrian Development Agency (ADA) to develop a framework and support for energy efficiency activities in the region. Initially the PALCEE program is focusing on two countries in Latin America, El Salvador and Nicaragua, and two in the Caribbean, Grenada and Jamaica.

At their last meeting in Havana, Cuba, in October 2009, OLADE member country energy ministers instructed the organization to start to develop an action plan towards sustainable energy development in the region, with an emphasis on the rational use of energy.