Biomass, Economics, Renewable Energy, Solar Energy, Wind Energy

Marketing Renewable Energy Consultancy in Trinidad & Tobago

Renewable Energy (RE) is once again at the forefront both locally and internationally with the recent display of two opposing views, one by the Prime Minster of Trinidad & Tobago (T&T) versus another by the President of the United States of America (USA). The T&T Prime Minister, following his return from RE and Energy Efficiency… Continue reading Marketing Renewable Energy Consultancy in Trinidad & Tobago

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Economics, Renewable Energy

Can Renewables Address the Economic, Social and Environmental Goals in 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?

Economics, Energy

What is the Fuel and IPP charge on your JPS Bill?

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?

Economics, Energy

Average Electricity Cost in Jamaica is Down to Five-Year Low

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

Economics, Wind Energy

The Economics of Wind Power in Jamaica

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

JPS rates 2009-2013
Economics

JPS proposes massive residential rate increase!

As some of you may already know, JPS has made an application to the OUR for an increase in its non-fuel tariff rates. This was done in accordance with their exclusive all-island electricity licence, which stipulates that JPS must submit a filing with the OUR to obtain new rates at the end of every five… Continue reading JPS proposes massive residential rate increase!

Economics, Renewable Energy

Distributed RE Integration Policies in the Caribbean

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

Economics

Renewable Power is Cost Competitive

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

Economics, Energy

Island Electricity Market Liberalization

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