PUBLIC NOTICE

 

DECISION AND ORDER ON ENERGY STORAGE FRAMEWORK AND TARIFFS

 

On June 28, 2023, the Fair Trading Commission (‘the Commission”) issued its Decision and Order on Energy Storage Framework and Tariffs. This decision promotes the achievement of the Government of Barbados’ (GoB) transitional goal of a fossil fuel dependent nation to one that is 100% renewable energy (RE) based and carbon neutral by 2030.

 

The GoB has identified energy storage as an appropriate means of mitigating some of the challenges that are posed by the energy transition. In support of that position, this Decision sets out the Commission’s determination of a framework and energy storage tariffs on a pilot basis pursuant to its powers under Section 4(3) of the Fair Trading Commission Act CAP. 326B and Section 24B (4) of the Utilities Regulation Act CAP. 282 of the Laws of Barbados.

 

The pilot will last four (4) years and is aimed at gathering relevant data on the functioning of storage systems and their ability to provide services to the electricity grid. The pilot will focus on the use of battery energy storage systems of four (4), three (3) and two (2) hour durations, with a total allocated capacity of 50MW. In order to receive the Energy Storage Tariff (EST), projects must meet the “used and useful” criteria as defined in the decision.

 

The Barbados Light and Power Company Limited and the project owners are required to retain all data generated during the pilot period.

 

The full Decision and Order can be accessed on the Commission’s 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 29th day of June 2023