Efforts will be made by the Fair Trading Commission (FTC), “where possible,” to move quickly on the Barbados Light & Power’s Clean Energy Transition Rider (CETR) application.
However, chief executive officer of the FTC, Dr Marsha Atherley-Ikechi, cautioned that while the FTC recognised the urgency of the decision to the renewable energy sector, the guidelines of the CETR were established since inception.
She also made it clear that the motion to review in the two-year-long rate case was priority. In outlining the CETR review, Atherley-Ikechi disclosed that a six-week public consultation formed part of the process, but stressed efforts would be made to “condense this as much as possible”.
“The basic tenets of the Clean Energy Transition Rider were agreed upon and approved a few months ago. What the utility has applied for is the coverage of storage under that programme, that application was received earlier this month, and we are in the process of reviewing the application to determine whether all that is required has been provided,” Atherley-Ikechi said.