The British Overseas Territory of the Cayman Islands has approved a limited pilot program consisting for a gross-feed-in tariff for utility-customer sited renewable generation.
The territory in the western Caribbean includes Grand Cayman, Cayman Brac, and Little Cayman.
A gross feed-in tariff pays for all generation from a customer-sited generator, but payment is credited to the customer’s account. The account is settled or balanced at the end of the year. If there is a surplus, the utility makes payment.
The one-year pilot program pays $0.37 KYD/kWh ($0.45 USD/kWh). The program is limited to only 1 MW.
- Pilot program beginning February, 2011 through 2012
- Program cap: 1 MW; 70% reserved for commercial customers
- Gross feed-in tariff: Payment of $0.37/kWh offsets consumption at $0.30/kWh
- Accounts settled annually
- Term: 20 years
- Project size limit maximum: 20 kW residential; 50 kW commercial
