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.
Can JPS distribute electricity in Jamaica?
While Jamaica has several firms that generate electricity, only JPS can distribute the power, due to its exclusive licence with the Jamaican government as operator of the national grid.
Why is Jamaica resetting its renewables target?
Jamaica’s energy grid is now dominated by liquefied natural gas and oil. The prices of those fossils have spiked since the onset of the pandemic. And within that time, the Jamaican government reset its renewables target from 30 per cent to 50 per cent.
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.
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"The new power plant is a huge advancement for Jamaica. Its efficiency is twice that of the plant it replaced, as it produces twice as much energy," he added. Mr. DaRosa informed that the island''s current peak demand is 660 megawatts and is forecast to increase to 877 megawatts by the year 2035.
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