Cuba raises renewable electricity export tariff 30-fold

AI Summary

Cuba has increased the tariff for surplus renewable electricity exports to the national grid to CUP 90 ($3.75)/kWh, significantly raising rates from previous differentiated pricing for residential and non-residential producers. This change affects the renewable energy sector economics in Cuba.

Cuba has introduced a new tariff of CUP 90 ($3.75)/kWh for surplus renewable electricity exported to the national grid, replacing a lower differentiated pricing system for residential and non-residential producers.