THE FAIR TRADING COMMISSION

 

PUBLIC NOTICE

 

The Fair Trading Commission (“the Commission”) hereby gives notice as follows:

 

On October 16, 2023 pursuant to section 4(4) of the Fair Trading Commission Act CAP. 326B of the Laws of Barbados the Commission issued the “Public Consultation Paper on Feed-in-Tariffs for Renewable Energy technologies above 1 MW and up to 10MW” (“the Consultation Paper”).

 

Submissions in response to the Consultation Paper were received by the Commission and acknowledgements were issued to individual respondents.

 

The Commission subsequently received notification from the Ministry of Energy and Business that there is a pause in the processing of applications for solar photovoltaic (PV) and wind technology licences. This development is occasioned by the inadequate levels of energy storage currently on the grid.

 

As a result of these developments the Commission has made a determination to postpone the issuance of its decision on Feed-in-Tariffs for renewable energy (RE) technologies above 1 MW and up to 10 MW until the challenges associated with energy storage are resolved and the acceptance of applications resumes.

 

The existing Feed-in-Tariffs for RE technologies above 1 MW and up to 10 MW shall expire on December 31, 2023 in accordance with the decision of the Commission dated December 31, 2022 Document No. FTCUR/DECFIT1-10MW/2022-14.

 

The Commission shall continue to monitor the RE market to ensure future rates are fair and reasonable.

 

 

Dated this 29th day of December 2023

 

 

Kevin K. D. Webster

General Legal Counsel and Commission Secretary