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#BTEditorial - BAMC is no BNB; tread cautiously
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Senior economist Carlos Forte is describing Government’s ambitious 2030 national energy policy goal as unrealistic. He also questions what measures were being planned to ensure continued viability of the utility company to continue paying individuals for their excess electricity from renewable sources.During an interview with Barbados TODAY, Forte said he did not believe the island would be able to achieve the 2030 goal, though agreeing that it was necessary to set demanding targets.“The seven to eight years is unrealistic. It was not realistic from the get go. But I suppose if you set ambitious targets you will get closer to the destination even if you don’t actually reach it,” said Forte.He said he believed officials have been exaggerating the benefits to be derived from the renewable energy sector, while he questioned the plan that was in place for a major increase in connection of renewable energy systems to the national grid and the Barbados Light & Power’s ability t
The island’s monopoly power supplier and intervenors objecting to its request for a basic tariff increase have agreed on the proposed issues they want to focus on at the pending rate hearing. But the Fair Trading Commission (FTC) which conducted a near three-hour Procedural and Issues Conference on Monday announced that the commission will now deliberate to determine a final single list that would reflect the submissions of the Barbados Light & Power Company (BL&P), the intervenors and the FTC.“The commission will now go away and consider the proposed list of issues that were arrived at during the conference and issue a Procedural Order which will set out the list of issues that the commission has determined it will deal with during the substantive hearing of the application,” acting Commission Chairman Dr Donley Carrington announced. “The Procedural Order will also contain the agreements reached by the parties in relation to procedure, timeline, deadline, [and]
The Barbados Renewable Energy Association (BREA) has dismissed suggestions that the island’s national energy policy could turn out to be another “Ponzi scheme” if some changes are not made.Responding to the charge levelled by the Barbados Association of Professional Engineers (BAPE), president of BREA Khalid Grant took issue with the contention that the current feed-in-tariff (FIT) arrangement for solar energy was unsustainable and likely to negatively impact Barbados Light & Power (BL&P) revenues as more people are added.In a statement issued last Friday, BAPE president Colonel Trevor Browne warned that as more people are added to the FIT arrangement, “the only source of the utility’s income will then be those who are left without photovoltaic systems”
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