(CMR) Caribbean Utilities Company has announced that application for the additional six (6) megawatts (MW) of capacity for the Consumer Owned Renewable Energy (CORE) and Distributed Energy Resources (DER) programs, approved by the Utility Regulation and Competition Office (OfReg), will open soon.
The application process will commence on 19 July 2023 and interested customers should submit their application on this date. CUC will close the application process once the 6MW of capacity has been reached. This new tranche of the CORE Programme will have the same design as the most recent tranche with tariff rates of:
CI $0.175 per kilowatt-hour ($0.175/kWh) for solar PV systems 5kW and below, and
CI $0.150 per kilowatt-hour ($0.15/kWh) for systems greater than 5kW up to 10kW.
The size of any individual consumer system is restricted to the normal kW peak load of the consumer up to 10 kW.
The DER program provides opportunities for system sizes up to 250 kW or the normal kW peak load of the consumer, whichever is less. The programs allow customers to connect renewable energy systems, such as small-scale solar systems or wind turbines, to CUC’s distribution system and to reduce their monthly energy bills by generating electricity for consumption or sale to CUC while remaining connected to the grid.
Before you apply, here is a reminder of some important points to note:
1. It is not recommended that you apply for this tranche if your renewable energy system will not be installed and ready for activation within 12 months of the application.
2. You are responsible for monitoring and maintaining your renewable energy system and for ensuring the system is configured as per the terms of the agreement.
3. It is important to read and understand the CORE application form, which will be available at Renewables (cuc-cayman.com) on 19 July 2023. Find the relevant section (CORE or DER) and complete the application that fits your needs.
4. As the customer, you must sign the application form. Please note applications are not considered complete and your capacity is not reserved until signed. Part 1 of the application is what reserves the capacity. Part 2 of the application is completed at a later date.
5. There are local banks that offer financing. Financing and design specs are not required for part 1 of the application. Part 1 of the application is what reserves the capacity. Part 2 of the application is completed at a later date.
Note that once CUC reaches the program capacity, the program will close, and the application link will be removed from the website.