Submitted by the Barbados Association of Professional Engineers (BAPE)
Press release from Barbados Association of Professional Engineers
The Barbados Fair Trading Commission (FTC) in late 2022, granted an ‘interim’ rate increase to the Barbados Light & Power Company (BLPC) based only on that Company’s assertion that they were facing a ‘cash crisis’.
On November 28, 2022, the BLPC issued a letter to the public indicating that they would no longer be entertaining photovoltaic (PV) connections to their Grid, unless appropriate ‘mitigating measures’ were addressed.
These measures apparently require the provision of commensurate battery storage by the applicants themselves, or the granting of licenses to BLPC to install their own battery storage – to be 100% paid for by electricity consumers along with handsome guaranteed profits to Emera.
Just recently, in January 2023, the FTC also announced new Feed-In-Tariff (FIT) rates, which saw decreases in these rates now being paid to many private investors who install such systems.
Read full Press Release from BAPE