Jamaica Energy Storage Customers

What is Jamaica's energy policy?

Jamaica published its National Energy Policy in 2009, its first comprehensive long-term energy plan. The policy set a number of targets in relation to renewable electricity gener-ation, energy eficiency, and greenhouse gas emissions to be met by 2030.

How much does electricity cost in Jamaica?

This profile provides a snapshot of the energy landscape of Jamaica, an island nation located in the north Caribbean Sea. Jamaica’s utility rates are approximately $0.39 per kilowatt-hour (kWh),1 above the Caribbean regional average of $0.33/kWh.

How is Jamaica's energy future being secured?

Jamaica’s energy future is being secured through Goal 7: Jamaica’s industry structures embracing eco-efficiency for advancing international competitiveness, and moving towards building a green economy.

Does Jamaica's energy consumption support low value added activities?

In essence, Jamaica’s energy consumption has been increasing at a much faster pace than the expansion of the economy. This could mean that Jamaica’s increasing electricity consumption is supporting low value added activities. If the same electricity resource was targeted toward higher value added activities, Jamaica could increase GDP per capita.

How much electricity is consumed in Jamaica by 20304?

12.5% by 2015 20% by 20304 Electrification rates in Jamaica are very high, reaching 98%,7 but operational challenges persist. For example, system losses consume 26% of electricity produced, exceeding the regulatory maximum of 17.5%.

Why does Jamaica have a low electricity rate?

Like many island nations, Jamaica is highly dependent on imported fossil fuels—more than 94% of the island’s electricity is generated from petroleum-based fuels— leaving it vulnerable to oil price and currency exchange fluctuations that directly impact the cost of electricity.