How much does electricity cost in the Bahamas?
The Bahamas, located north of Cuba and with the Turks and Caicos Islands to the southeast, has an average electricity cost of $0.32 per kilowatt-hour (kWh). This is in line with the Caribbean regional average of $0.33/kWh.
What are the plans for the Bahamas Electricity Corporation (BEC)?
The Government of the Bahamas has discussed plans to reform its energy sector through a partial-privatization of BEC and by introducing regulation-by-contract principles to meet the capacity for future growth, implementing more economically viable renewable energy sources, and modernizing the energy sector.
What is the primary source of electricity in the Bahamas?
The Bahamas' electricity is primarily generated from imported oil. This reliance on imported oil is one of the key challenges facing The Bahamas in its quest to diversify its energy mix, as it drives the high cost of electricity.
Does the Bahamas have a net metering policy?
The Bahamas has made progress in renewable energy policies, introducing a net metering policy for solar PV systems in 2017. However, further policy reforms will be needed to accelerate the deployment of renewable energy.
How much power does the Bahamas have?
The Bahamas has a total generation capacity of 536 megawatts (MW). The Bahamas Electricity Corporation (BEC) controls 438 MW, while Grand Bahama Power Corporation (GBPC) controls the remaining 98 MW.
When was net metering introduced for solar PV systems in the Bahamas?
The Bahamas has made some progress in this area, with the introduction of a net metering policy for solar PV systems in 2017. Further policy reforms will be needed to accelerate the deployment of renewable energy.
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