The Fair Trading Commission Act, Cap. 326B of the Laws of Barbados

• Jurisdiction: Barbados
• Court: Fair Trading Commission (Barbados)
• Judge: Mrs. Tammy Bryan,Ms. Ruan Martinez,Dr. Ankie Scott-Joseph,Mr. Samuel Wallerson,Mr. John Griffith
• Judgment Date: 30 December 2022
• Docket Number: NO. FTCUR/ORDMAX1MW/2022-13

In the Matter of the Fair Trading Commission Act, Cap. 326B of the Laws of Barbados;

And in the Matter of the Utilities Regulation Act, Cap. 282 of the Laws of Barbados;

And in the Matter of the Utilities Regulation (Procedural) Rules, 2003 and the Utilities Regulation (Procedural) (Amendment) Rules, 2009;

And in the Matter of the Electric Light & Power Act, 2013–21;

And in the Matter of the Decision of the Fair Trading Commission dated December 30, 2022 on Feed in Tariffs for Renewable Energy Technologies up to and including 1MW.

Before:

Mrs. Tammy Bryan Chairman

Ms. Ruan Martinez Commissioner

Dr. Ankie Scott-Joseph Commissioner

Mr. Samuel Wallerson Commissioner

Mr. John Griffith Commissioner

NO. FTCUR/ORDMAX1MW/2022-13

FAIR TRADING COMMISSION

ORDER

1 WHEREAS the Government of Barbados in the Barbados National Energy Policy 2019–2030 (the “BNEP”) has outlined a roadmap for transitioning the country from a fossil fuel dependent nation to one that is 100% renewable energy (RE) based and carbon neutral;

2 AND WHEREAS the Fair Trading Commission (the “Commission”) has undertaken to determine a pricing framework for RE technologies for installations sized up to and including 1 MW pursuant to its powers under Section 4(3) (a) of the Fair Trading Commission Act, CAP. 326B and Section 24B (1) of the Utilities Regulation Act, CAP. 282;

3 AND WHEREAS in recognition of the issues that have been considered and determined throughout the Commission's public consultation on Feed-in-Tariffs (FITs) for renewable energy sources;

4 AND UPON READING AND CONSIDERING the respective written submissions of the following parties in response to the Commission's public consultation: The Barbados Light and Power Company Ltd (the “BLPC”), Blackstone Megawatt Energy Services Inc., Solar Watt Systems Inc., the Barbados Renewable Energy Association, Emera Caribbean Renewables Ltd. and Blue Circle Energy (Barbados) Inc.;

5 AND UPON CONSIDERING the Commission's consultation with local financial and insurance institutions, and the Commission's own research.

IT IS HEREBY ORDERED THAT:-

• 1. The effective start date for the FIT programme shall be January 1, 2023 (the “2023 FIT programme”). The 2023 FIT programme shall continue until December 31, 2025 and thereafter be reviewed annually or on the expiration of existing capacity, whichever comes first. New rates shall be announced three (3) months prior to the expiration of this programme.

• 2. The FIT shall be based on a twenty (20) year fixed tariff with no front loading, differentiated by technology and size. The tariff is based on the LCOE, using a multi-criteria approach according to the guidelines espoused in the BNEP.

  FIT Policy Design

  FIT Policy Element	RE Systems = 1 MW
  Proposed Effective Date	2023-01-01
  Rate: Fixed, Tiered or Variable Options	Fixed
  Rate: Differentiated by Technology & Size	Yes
  Tariff Duration	20 years
  Administratively-Determined or Competitively-Bid	Administratively-Determined
  Presumed Off-taker	The BLPC
  Quantity Covered by FIT	100% of output
  Periodic Review of Rates and MW Allocation	36 months initially, thereafter, annually.

  FITs Differentiated by Technology and Size (Up to and including 1MW)

  Technology Category	Size Category
  Solar	up to 10 kW
  Solar	> 10 kW to 100 kW
  Solar	> 100 kW to 250 kW
  Solar	> 250 kW to 500 kW
  Solar	> 500 kW to 1 MW
  Land-Based Wind	up to 10 kW
  Land-Based Wind	> 10 kW to 1 MW

• 3. The applicable categories, rates and capacity allocation shall be as outlined below:

  Technology, Size Category	FIT (Bb cents/kWh)	Total Allocation (MW)
  Solar, Up to 10 kW	34. 25
  Solar, >10 to 100 kW	35. 75
  Solar, >100 to 250 kW	34. 75
  Solar, >250 to 500 kW	39. 75
  Solar, >500 kW to 1 MW	34. 25
  TOTAL Solar Allocation		27.6
  Land-Based Wind, up to 10...