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On September 30, 2020 the Fair Trading Commission (“the Commission”) issued its Feed-In-Tariff (FIT) Decision for renewable energy (RE) systems above 1 MW and up to 10 MW, categorised by size and technology, setting out rates at which renewable energy generators will sell energy to the Barbados Light and Power Company Limited. In accordance with the Decision, the rates to be applied to all new projects sized over 1 MW up to 5 MW shall remain applicable for eighteen (18) months until March 31, 2022 and the rates all new projects sized over 5 MW and 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.

Considering the current climate and the effects of the COVID-19 pandemic on the RE sector, production costs arising out of challenges to logistics planning and increased shipping costs inter alia - the setting of rates during this time of unstable price inputs has been challenging. Against this background, the Commission proposes to extend the Decision of the FIT for Renewable Technologies above 1MW and up to 10MW until June 30, 2022, or until the Commission determines new FITs, with appropriate terms and conditions, whichever is earlier.

Pursuant to Section 4(4) of the Fair Trading Commission (Amendment) Act, 2020 CAP. 326B of the Laws of Barbados, the Commission would like to receive comments or objections from all service providers, renewable energy producers, representatives of consumer interest groups and other parties that have an interest in this matter.

Comments or objections should be submitted via mail or email by 4:00 p.m. on Friday March 25, 2022 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

The FIT Decision can be reviewed on the Commission’s website at www.ftc.gov.bb. Should you have any queries, you may call the Commission at 424-0260 or email This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .


Dated this 14th day of March 2022



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