A solar provider said the industry had taken “inventive” steps in the face of recent electricity rate changes announced by Belco — a move that Wayne Caines, president of the utility, insisted was “not a penalty on solar”.

Greenlight Energy said the company had expected the changes, which Belco said would result in modest bill increases for residential rooftop customers.

Cameron Smith, the managing director, said residents who invested in renewable energy will “feel the real weight” of the rate change.

To mitigate anticipated changes, Greenlight has restructured its operations and cut installation costs.

Mr Smith said: “Belco talks about a modest increase of a few dollars for everyone else.

“The people who invested in renewables carry the real weight, which tells you who this was written for.”

Belco said this week that rates will be “unbundled for greater transparency”, adding that usage and demand charges that were previously bundled to reflect the total cost to generate and deliver electricity to customer homes would now be separated.

The utility said the changes — directed and approved by the Regulatory Authority — were guided by transparency and a fairer sharing of costs.

Impact varies by customer class and usage, which Belco said was “not a single across-the-board increase or decrease”.

Read more here: https://www.royalgazette.com/general/news/article/20260710/solar-provider-resilient-in-face-of-belco-rate-change/