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

• Jurisdiction: Barbados
• Judge: Mrs. Tammy Bryan,Mr. John Griffith,Dr. Ankie Scott-Joseph,Mr. Samuel Wallerson
• Judgment Date: 31 December 2022
• Docket Number: NO.: FTCUR/ORDFIT1-10MW/2022-14
• 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 December 30, 2022 on Feed in Tariffs for Renewable Energy Technologies above 1MW and up to 10 MW

Before:

Mrs. Tammy Bryan Chairman

Mr. John Griffith Commissioner

Dr. Ankie Scott-Joseph Commissioner

Mr. Samuel Wallerson Commissioner

NO.: FTCUR/ORDFIT1-10MW/2022-14

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 above 1MW and up to 10 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 of the Laws of Barbados;

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”), the Barbados Renewable Energy Association, Blackstone Megawatt Energy, Haymans Solar Inc., Pavana Energy Ltd., Williams Caribbean Capital and Williams Solar;

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:-

• I. The dates of the commencement and termination of the FIT programme shall be January 1, 2023 and December 31, 2023, respectively. All applicable technology project categories, rates, and assigned capacity for systems sized above 1 MW and up to 5 MW as set out in paragraph IV, shall remain in place for a full 12 months of the programme. A review of this segment of the programme shall be undertaken at least 3 months before the expected termination date or when the allocated capacity of 40 MW is exhausted. For RE technologies over 5 MW and up to 10 MW in size, the rates, terms and conditions for this segment of the programme shall remain in place for seven (7) months from January 1, 2023 and conclude on July 31, 2023 or until a competitive procurement framework is established.

• II. All terms for FITs procured under the Commission's Decision shall remain constant for the duration of the 20-year contract.

• III. The FIT determined for the technology classes were derived via the LCOE methodology and utilised the multi-criteria approach expressed in the BNEP document. Rates are differentiated by technology and size and shall be based on a fixed 20-year term with no front-loading. These details are captured in the Table following.

  FIT Policy Design

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