PUBLIC NOTICE

 

DECISION ON THE BARBADOS LIGHT AND POWER COMPANY LIMITED APPLICATION TO ESTABLISH A CLEAN ENERGY TRANSITION RIDER AS A COST RECOVERY MECHANISM

 

On May 31, 2023, the Fair Trading Commission issued its Decision on the Barbados Light and Power Company Limited’s (BLPC) Application to establish an alternative cost recovery mechanism to recover prudently incurred costs associated with its Clean Energy Transition Programme (CETP).

 

This mechanism is intended to facilitate the timely recovery of costs associated with approved renewable energy assets between rate cases, thus addressing the problem of regulatory lag which can occur. These projects that are to be included in the CETP are those that support the achievement of the Government of Barbados’ (GoB) transitional goal of 100% renewable energy (RE) by 2030.

 

The BLPC will be required to submit an individual Application for the recovery of costs of each asset/project through the cost recovery mechanism. The aforementioned Application should meet a minimum criteria as set out in the Decision.

 

The full Decision can be accessed here .

 

Should you have any queries, you may call the Commission at 424-0260/424-0329 or email This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

 

 

Dated this 1st day of June 2023