PROJECTS / FortisTCI Limited Renewable Energy Rate and Changes Legislation
FortisTCI Limited Renewable Energy Rate and Changes Legislation
Latin America and the Caribbean
October 22, 2020K&M was engaged by FortisTCI Limited to provide an in-depth review of proposed new rates and charges related to the proposed renewable energy (RE) legislation. After a comprehensive review, the K&M team proposed rates for electric vehicle charging, a model for rates for PPAs, RE feed-in-tariffs, retail rates and energy charge. K&M also validated the initial set of rates and charges for the Demand Charge Scheme (Demand Rate, Energy Rate) and identified language in the draft RE legislation necessary to support the implementation of proposed new rates and charges. K&M provided overall recommendations on rate designs, supporting policy, financial impact to the utility, fairness of incentive mechanisms, potential risks and proposed mitigations.