The Jamaican electricity sector has seen its fair share of investment in renewable energy over the last two decades or so, to the tune of approximately US$360 million to be exact. Development to date: Jamaica has a long history of using its indigenous renewable sources of energy to generate electricity. This dates back as far as… Continue reading Jamaica’s RE Near Term Outlook
The Islands of the Caribbean are known to have some of the highest electricity rates in the world, with the exception of only a few. This is primarily because more than 95 percent of their energy consumption is derived from imported petroleum products. The U.S. Department of Energy and its partners, through the Energy Transition… Continue reading Island Energy Snapshots – the Caribbean
The International Renewable Energy Agency (IRENA) in a ninety four (94) page publication titled "REthink Energy towards a new power system" articulated the point that policies that promote renewable energy can simultaneously address economic, social and environmental objectives. I too share this sentiment. As global warming becomes more apparent, policymakers in the developed world have… Continue reading Can Renewables Address the Economic, Social and Environmental Goals in the Caribbean?
The addition of new generating capacity to Jamaica's electricity grid can be achieved in three ways: 1. the installation of conventional power plants 2. the installation of renewable energy (RE) facilities 3. the installation of co-generation facilities. RE facilities refers to plants in which the source of primary energy continually (naturally) regenerates. Such sources of… Continue reading Jamaica’s Policy for the Addition of Renewable Capacity to Electricity Grid
The Fuel & IPP Charge on your bill combines two factors: 1) The cost of fuel used to generate electricity and 2) The cost of the electricity supplied by Independent Power Producers (IPPs). The fuel cost is by far the greatest contributor to the Fuel & IPP Charge. JPS says it needs approximately 20,000 barrels… Continue reading What is the Fuel and IPP charge on your JPS Bill?
The average cost of the electricity in Jamaica is currently at a five year low of US 25 cents per kilowatt-hour (kWh), according to the privately owned electricity company (Jamaica Public Service). JPS says the dramatic reduction in the overall cost of electricity is due to lower fuel charges, as well as the improved efficiency… Continue reading Average Electricity Cost in Jamaica is Down to Five-Year Low
In late 2013, the Office of Utilities Regulation (OUR) named three preferred bidders for the supply of up to 115 MW (megawatts) of electricity generation capacity from renewable energy. The three preferred bids amounted to a total 78 MW of energy only renewable energy capacity, including two projects offering energy from wind amounting to 58 MW,… Continue reading The Economics of Wind Power in Jamaica
The high cost of electricity in the small islands of the Caribbean has drive the various governments to take a serious look at incorporating various forms of renewable energy source into their country's energy mix. As a result electricity markets across the region have seen the introduction of grid interconnection policies, allowing end users with… Continue reading Distributed RE Integration Policies in the Caribbean
The International Renewable Energy Agency (IRENA) in its REmap 2030 report highlighted that "renewable technologies are now the most economic solution for new capacity in an increasing number of countries and regions." This was attributed to the declining cost to deliver electricity from solar photovoltaics (PV), concentrated solar power (CSP) and wind, meanwhile hydropower, biomass… Continue reading Renewable Power is Cost Competitive
The Islands of the Caribbean are known to have some of the highest electricity rates in the world, with the exception of only a few. The following chart shows the average price of retail electricity across the region. These can be linked to, some extent, the existent of monopoly electricity markets in the region. The… Continue reading Island Electricity Market Liberalization