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Regulator approves new CUC feed-in tariffs

Posted on Thu, 09/06/2012 - 15:37 in

Advantages-and-Disadvantages-of-Solar-Power.jpg (CNS Business): Customers of Grand Cayman’s sole power supply company, CUC, can now generate energy from renewable and alternative sources and be compensated through stable, long-term rates through their Consumer-Owned Renewable Energy (CORE) Generation Programme. The Electricity Regulatory Authority of the Cayman Islands (ERA) announced this week that it has approved revisions to the existing Feed-in Tariffs (FITs), which has been in place since 1 February 2011.  Under the FIT programme, the rates paid to customers for all renewable energy generated will be CI 38.5 cents per kilowatt hour for residential customers and CI 37.5 cents per kWh for commercial customers. Read more on CNS Business

Comments

Okay stay with me here, put

Submitted by The lone haranguer rides again! (not verified) on Thu, 09/06/2012 - 16:41.

Okay stay with me here, put $1 tax on every gallon of fuel that coMes onto the island that will immediately raise 100 million dollars this year, people will begin to use renewables because it will become cost effective.
Within 5 years our importation of fuel will drop by 50 percent and the country's debt will be paid off.

Simple and effective.

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