The Company remains fully dependent on diesel fuel for generation despite continued efforts to employ renewable sources.
With the introduction of Consumer Owned Renewable Energy ("CORE") tariffs in early 2009, the Company entered a new era of relationship with a component of its customer base. Customers with an interest in environmentally friendly renewable generation may now connect to CUC's distribution grid and receive credits for generated power.
In 2011, the CORE Programme was revised and approved by the Electricity Regulatory Authority ("ERA") culminating in the Feed-In-Tariffs ("FIT") Programme. FIT provides for CUC to purchase energy from CORE generators at a rate approximate to the true cost of the renewable energy and to pass this cost through in the fuel factor.
In August 2012, the ERA approved revisions to the existing FIT Programme, which has been in place since February 2011.
In April 2015, May 2016 and May 2017, the ERA approved further revisions to the existing FIT Programme.
The FIT Programme reflects current successful practice in Europe and North America for the promotion of consumer generated renewable energy.
To sign-up for CUC's FIT Programme, please click on "CORE Credit Agreement" below.
For further information and the submission of application forms, e-mail us at CORE@cuc.ky.