Jamaicans who have converted to renewable energy sources can now sell excess supplies produced to the Jamaica Public Service Company (JPS).
The Office of Utilities Regulation (OUR) has put measures in place to monitor the arrangement including a Standard Offer Contract (SOC).
The SOC outlines the terms, conditions and pricing regime for small power providers, such as those with solar systems and wind turbines.
The compensation for the energy exchanged between JPS and the customer is determined via a net billing arrangement.
The customer will pay the prevailing retail price for energy consumed from the national grid and JPS will purchase the excess electricity at the short run avoided cost of generation.
Participation in the SOC arrangement is open to JPS residential and commercial customers.
Source: RJR News