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The Fair Trading Commission is seeking the public’s input on a proposed template Power Purchase Agreement (PPA) to be used by independent power producers (“IPPs”) who participate in the Commission’s Feed-in-Tariff (“FIT”) programme for projects sized above 1 MW up to 10 MW. The Commission has deemed the formulation of a standardised PPA a necessary step in fulfilment of the objectives of the Barbados National Energy Policy 2019 – 2030 (BNEP). Specifically, the goal of the BNEP is to transition Barbados away from energy generation by fossil fuel to the achievement of 100% renewable energy utilisation by 2030.
The PPA sets out the commercial terms and conditions for the sale and purchase of energy. PPAs are vital market instruments that protects both parties from the fluctuations of the energy market and promote the construction of new capacity. FIT PPAs are an essential element in establishing long-term price predictability.
As part of this process, the Commission will consider written comments from investors, financiers and interested parties. Comments should be submitted by 4:00 p.m. on Friday December 31, 2021. Copies of the Commission’s consultation paper on the matter and the Draft FIT PPA may be accessed here or obtained from the Commission’s office between the hours of 9:00 a.m. and 4:00 p.m.
Submissions should be sent to:
Chief Executive Officer
Fair Trading Commission
Good Hope
Green Hill
St. Michael
E- mail: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it  
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