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

• Jurisdiction: Barbados
• Judge: Mrs. Tammy Bryan,Mr. Brian Francis,Mr. John Griffith,Ms. Ruan Martinez,Mr. Samuel Wallerson
• Judgment Date: 29 September 2020
• Docket Number: FTCUR/DECFIT/2020-01
• Court: Fair Trading Commission (Barbados)

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 September 30, 2020 on Feed-in-Tariffs for Renewable Energy Technologies over 1MW and up to and including 10MW.

Before:

Mrs. Tammy Bryan Chairman

Mr. Brian Francis Commissioner

Mr. John Griffith Commissioner

Ms. Ruan Martinez Commissioner

Mr. Samuel Wallerson Commissioner

FTCUR/DECFIT/2020-01

FAIR TRADING COMMISSION

ORDER

1 WHEREAS the Government of Barbados in the Barbados National Energy Policy 2019–2030 (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 Commission has undertaken to determine a pricing framework for RE technologies for installations sized above 1 MW and up to and including 10MW 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 Consultation on Feed-in-Tariffs (FITs) for RE Sources;

4 AND UPON READING AND CONSIDERING the written submissions of The Barbados Light and Power Company Ltd (BL&P); The Barbados Renewable Energy Association (BREA); Mr. Hallam Hope (CARITEL); Mr. Michael Ray, Mr. Khalid Grant (Solar Genesis), Blackstone Megawatt Energy Services Inc.; Williams Industries; consultation with local financial and insurance institutions; consultation with the Inter-American Development Bank; and the Commission's own research;

IT IS HEREBY ORDERED THAT:-

• I The effective start date for this extension of the FIT programme shall be October 1, 2020. The applicable categories, rates and capacity allocations shall be as set out at paragraph IV hereof. The rates to be applied to all new projects sized over 1MW up to 5 MW shall remain applicable for eighteen (18) months until March 31, 2022. However, should there be a material change to the market, such as the exhaustion of capacity, a review may be undertaken earlier. The rates for all new projects sized over 5 MW up to 10 MW shall remain applicable for seven (7) months until March 31, 2021 or until such time as a competitive procurement framework is established.

• II All terms of all FITs procured under this decision shall remain constant for the duration of the 20-year contract.

• III The FIT shall be based on a 20-year fixed tariff with no front-loading and 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. See Tables below.

  Fit Policy Design

  FIT Policy Element	RE Systems above 1 MW up to and including 10 MW
  Proposed Effective Date	October 1...