the cost of electricity

Size: px
Start display at page:

Download "the cost of electricity"

Transcription

1 the cost of electricity IN JAMAICA WHY ARE THE prices SO HIGH?

2 Contents Overview What about Policy Decisions? Pricing Policy: Tariff Structure of the Electricity Bill System Distribution Losses Diseconomies of Scale Best Case Electricity Rates for Jamaica Conclusion Bibliography

3 OVERVIEW The average electricity price paid by Jamaican residential customers in 2013 was roughly J$38 (US$0.35)1 per kilowatt-hour (kwh), ranking amongst the highest in the world. Fuel costs, construction and maintenance costs for power plants, maintenance on transmission and distribution lines, and regulatory decisions all play a part in the final price of electricity. Jamaica s high electricity prices are lamented by both residential and commercial customers, the former alluding to its impact on disposable income and the latter viewing it as prohibitive to doing business. Jamaicans have blamed aged and inefficient generators, electricity theft, unfair billing practices, and the reliance of the Jamaica Public Service (JPS) on crude oil for this predicament. This brief examines the merit of each of these and other explanations put forward by experts, stakeholders and the general public. The policy decisions taken by the regulatory agency, the Office of Utilities Regulation (OUR); the Government of Jamaica (GOJ); and the JPS are examined in Section 2. The tariff structure of the electricity bill is analysed in Section 3. Next, the impact of system distribution losses to the final electricity price is quantified, and diseconomies of scale in electricity generation faced by the JPS is considered in Section 5. The best case scenario electricity rates in 2019 are estimated in Section 6 given that infrastructure is upgraded, electricity theft and other inefficiencies are reduced, and JPS billing practices accurately reflect fixed and variable costs of electricity generation, transmission, and distribution. 3 1 Calculations were made for average electricity consumption of 175 kwh/month. The benchmark consumption figure was obtained from Jamaica Public Service s 2013 Annual Tariff Adjustment Submission.

4 WHAT ABOUT POLICY DECISIONS? Government and Regulatory Agency Policy The Jamaica Public Service is regulated by the independent government agency the Office of Utilities Regulation. Ensuring that consumers of utility services enjoy an acceptable quality of service at reasonable cost is stated first on the regulatory agency s objectives. Therefore, decisions taken by the OUR in response to the tariff submissions made by the JPS are central to the mission of reducing (and explaining) electricity rates in Jamaica. Under the price cap regime introduced in JPS s licence, the OUR sets non-fuel base rates once every five (5) years. The JPS is allowed an annual adjustment to the non-fuel rates to reflect the impact of inflation as well as expected improvements in the company s efficiency. A system loss target of 17.5% has been set in the JPS Annual Tariff Adjustment 2013 Determination Notice (Office of Utilities Regulation, 2013). The JPS is only permitted to pass on fuel costs incurred from system losses up to 17.5% of net generation and losses exceeding this amount have to be absorbed by the company. In determining a tariff structure and system loss target (and associated fuel penalties) for the JPS, the decisions of the OUR are intended to provide a financial incentive for the utility company to operate more efficiently. A fuel penalty is imposed on the JPS for failing to meet system loss and heat rate targets. The JPS has incurred increasing net fuel penalties over the last three years 2 (from failing to meet system loss targets), growing from US$13 million in 2010 to US$36.5 million in 2012 and has been charged a net fuel penalty in every month since the system loss target was last reduced in July The retirement and replacement of old and inefficient generating plants is central to efforts of significantly reducing fuel costs which account for nearly two-thirds of the final price of electricity. However, efforts by the JPS to replace 292 megawatts (MW) of older generating plants with a 360 MW combined cycle 4 plant were thwarted after the JPS and the project company, South Jamaica Power Company Limited (SJPC) missed an already extended deadline. The new plants were expected to be between 40 to 50% more efficient than the soon-to-be retired plants. The JPS was granted the right to construct the plant in late 2011 on a build, own, and operate basis. Recently, the project has been revived since the Hong Kong-based Energy World International (EWI) won the bid to construct the plant (Jamaica Gleaner, 2014). On May 5, the Jamaican government revoked the licence on the basis that EWI failed to post an agreed US$ million performance bond. The bidding process has therefore been reopened and completion dates for the project now carry some uncertainty The JPS exceeded heat rate targets (currently 10,200kJ/kWh) in most billing periods between January 2009 and March This excludes November 2012 when force majeure relief was provided due to the impact of Hurricane Sandy. The term combined cycle refers to the combining of multiple thermodynamic cycles to generate power. Combined cycle operation employs a heat recovery steam generator (HRSG) that captures heat from high temperature exhaust gases to produce steam, which is then supplied to a steam turbine to generate additional electric power. 4 5 The Inter-American Development Bank (IDB) was willing to finance 70% of the project, while EWI would provide 30% in equity financing. However, in an to EWI on April 26th, 2014 the IDB rescinded on financing the process on the grounds that the international agency deemed the bidding process and the ultimate selection of EWI to be undertaken in a manner inconsistent with IDB internal procedures and policies.

5 About 93% of Jamaica s power is generated from crude oil (Inter-American Development Bank & Bloomberg New Energy Finance, 2013). The inefficiencies of the JPS-owned generating plants are often blamed for high electricity rates. Crude oil was used to generate only 4.6% of the world s electricity in 2010, down from 20.9% in 1971 (OECD, 2013). The end-user price to customers from electricity generated using residual or distilled fuel oil in the United States, for example, is higher than electricity generated from either natural gas or steam coal (U.S. Department of Energy, 2013). Therefore, price must be a contributing factor to the gradual shift from crude oil in electricity generation. The Ministry of Science, Technology, Energy and Mining (MSTEM) is responsible for, amongst other things, ensuring Jamaica s access to affordable energy supplies; energy security; and the diversification, development, and competitiveness of the energy sector. Fuel and Independent Power Producer 6 (IPP) charges are about 66% of total electricity costs for a typical residential customer consuming 175 kwh/ month. To this end, about 70% of the island s demand (23,000 barrels a day) for crude oil is satisfied by the PetroCaribe deal with Venezuela at a concessionary rate. Without the PetroCaribe agreement Jamaicans would face even higher electricity rates 7. Electricity rates are also measurably affected by the system loss target mandated by the OUR and reductions in these targets have meant that customers actually pay for a smaller proportion of these losses. Considering the inefficient generators and the JPS s reliance on crude oil in electricity generation, failures in policy execution and decision-making on the part of both the GOJ and OUR that have contributed to the JPS using outdated technology and generating plants are indeed a key contributor to Jamaica s high electricity rates. Therefore, the current initiatives being undertaken by the MSTEM to reduce electricity rates can only scratch the surface of what is an underlying limitation of the technology, coupled with the reliance on crude oil for electricity generation. JPS Operating Policy A crucial feature of the Annual Tariff Adjustment Submissions made by the JPS involves policy initiatives proposed to reduce electricity rates. Most recently in response to complaints from the business community about electricity rates the JPS proposed a wholesale tariff for the top 20% of industrial customers representing a 25% discount on the non-fuel tariff. The non-fuel tariff represents roughly 35 to 40% of the electricity bill for industrial customer and the proposed wholesale tariff could therefore reduce rates by around 10%. Concerns were raised by the OUR that the proposal would only be made possible through a cross subsidy 8. Consideration of this proposal could come as early as this year when the tariff structure will next be reviewed. Policy initiatives proposed by the JPS such as the wholesale tariff are subject to approval by the OUR. Strictly speaking, the wholesale tariff would result in lower rates for commercial and industrial customers at the expense of residential customers. The wholesale tariff reinforces the limitations and perhaps, incapability of the JPS to propose, plan, and effect meaningful policy initiatives aimed at reducing electricity rates paid by Jamaicans. It is true, however, that the JPS would have greater autonomy (and need to be held accountable) over its costs of production if the MSTEM procured cheaper sources of fuel and if the company was allowed to upgrade generating plants as seen fit. Therefore, the impact of the JPS s policy decisions on electricity rates is heavily dependent on decisions made by the regulatory agency, the OUR IPPs use private facilities to generate electricity for sale to the JPS, through a long term power purchase agreement (PPA) that has to be approved by the OUR. The PetroCaribe agreement allows beneficiary nations to buy oil at market value but only pay a percentage of the cost up front. The balance can be paid over 25 years at 1% interest. Jamaica therefore benefits from the deferred payments on crude oil purchased from Venezuela. A cross subsidy involves charging higher prices to one group of consumers (in this case residential customers) in order to subsidise lower prices for another group (in this case industrial customers). 5

6 PRICING POLICY: TARIFF STRUCTURE OF THE ELECTRICITY BILL The JPS charges a minimum amount which is independent of consumption, billed as a customer charge. The consumption-dependent portion of the charges for residential customers are: an energy charge ($ per kilowatthour) which covers non-fuel costs that vary with consumption such as the cost of wear and tear of the electricity plant and also additional fixed non-fuel costs not recovered through the customer charge; and a fuel and IPP 9 charge. A foreign exchange rate adjustment is applied to all charges except fuel and IPP to adjust for changes in the exchange rate between Jamaica and the United States. Electricity is billed according to a tiered rate structure where energy consumption over 100 kwh/month is billed at a higher rate than the first 100 kwh. Rate 10 (Residential) 2013 Rates J$ Description Base F/X Rate Billing F/X Rate Energy 1st Energy Next Customer Charge Sub Total F/E Adjust Fuel & IPP Usage kwh rate total , , , Bill Total j$ 6, Source: Jamaica Public Service 6 9 The JPS purchases energy from the Independent Power Producers (IPPs): Jamaica Energy Partners (JEP); Jamaica Private Power Company (JPPC); Jamalco; and Wigton Wind Farm.

7 Energy charges for monthly consumption exceeding 100 kilowatt-hours is roughly 2.5 times more expensive to the residential customer than the first 100 kilowatt-hour 10. Minimising charges for consumption over 100 kilowatt-hours/month is difficult considering that the average 16 cubic ft. refrigerator uses 60 kilowatt-hour/ month if operated uninterruptedly. Average electricity usage for residential customers was approximately 175 kilowatt-hours/month in 2012 which translates to 43% of average residential household electricity consumption being billed at the higher rate. In Antigua and Barbuda; Barbados; the Bahamas; Belize; Grenada; Guyana; St. Kitts and Nevis; and St. Vincent and the Grenadines, a minimum charge is applied in addition to some variation of a tiered energy rate structure. Electricity rates are high in all these countries, in some cases higher than that of Jamaica and tellingly, JPS s electricity bill structure is similar to comparable countries in the Region (see Table 2). selected caricom country composition of electricity bill generation mix MAIN UTILITIES Antigua & Barbuda Minimum, consumption (variable fuel charge) Diesel engines Antigua Public Utilities Authority Bahamas Minimum, fuel surcharge, tiered rate structure (over 800 kwh/ month) Diesel engines and gas turbine Bahamas Electricity Corporation state-owned Energy charge (kwh charge, fuel charge), optional night guard light Steam turbine and diesel engines Grand Bahama Power Company privately owned Barbados Minimum, value added tax, fuel, tiered rate structure (over 150 kwh/month) Residual fuel oil and diesel for steam and gas turbines Barbados Power & Light -privately owned Belize Minimum, tiered rate structure (over 50 kwh) HFO, hydro, bagasse, gas turbine and diesel Belize Electricity Limited nationalised by the Government in June 2011 Grenada Fuel, non-fuel, value added tax, floor area charge (per 50 sq. ft. of floor area) Diesel engines Grenada Electricity Services Ltd. GRENLEC Guyana Fixed, energy, tiered rate structure (over 75 kwh) HFO, diesel and bagasse Guyana Power & Light Inc.-state-owned jamaica Energy, fuel & IPP, minimum, tiered rate structure (over 100 kwh) Wind, hydro, steam turbines, diesel, gas turbines, combined cycle Jamaica Public Service Company privately owned St. Kitts & Nevis Tiered minimum rate, fuel surcharge, tiered rate structure (over 75 kwh/ month) Diesel engines St. Kitts Electricity Department (SKED) state-owned Tiered demand charge, first 50 kwh, next 75 kwh and next 125 kwh = [energy charge+ standing charge], fuel surcharge, solid waste charge, 17% VAT charge Diesel engines, wind Nevis Electricity Company Ltd. (NEVLEC)-state-owned St. Lucia Tiered energy rate, tiered fuel surcharge, VAT (currently 0%), tariff rebate Diesel engines St. Lucia Electricity Services Ltd. (LUCELEC) private/public enterprise 7 10 The Energy charge is J$6.98 (US$0.07) per kilowatt-hour for each of the first 100 kilowatt-hours/month and J$15.96 (US$0.15)/kWh for each kilowatt-hour in excess of 100 kilowatt-hours/month.

8 Most of the recent increases in Jamaica s electricity rates have been due to increases in fuel tariff rates. Since 2009, the average fuel tariff rate has grown by a compound annual growth rate 11 (CAGR) of roughly 10% compared to a CAGR of around 2% in the non-fuel tariff rate. Fuel tariffs take into account the cost of generating electricity using crude oil purchased by the JPS. The costs associated with generating electricity appear therefore to be an important determining factor in why electricity rates are currently so high. A Closer Look at the Energy and Fuel Charges To arrive at a greater appreciation of the final electricity rates charged by the JPS, we take a closer look at how the energy and fuel charges are determined. The energy charge is billed in two parts, for monthly consumption under 100 kwh and for consumption over that amount. The JPS argued in its 2009 Tariff Review application that households should be billed using the principle of marginal willingness to pay 12 based on the assumption that wealthier people consume more electricity. financial viability of the JPS in Jamaica 13. The revenue requirement includes efficient non-fuel operating costs 14, depreciation expenses, taxes, and a fair return on investment. Non-fuel operating costs for the utility company were US$160M in 2012 and are listed as either salaries or other operations and maintenance (O&M) in the company s annual report. Maintenance costs are high since the older plants are costly to maintain. It is reasonable to expect a lower revenue requirement (and energy charge) if maintenance costs are lowered. The fuel rate charged by the JPS is determined by dividing the total cost of fuel purchased from the Petroleum Corporation of Jamaica (PetroJam) by the expected amount of kilowatt-hours used by customers. As a result, the efficiency in which fuel is converted into electricity has a significant impact on the fuel charge per kwh paid by customers. Fuel conversion efficiency has averaged around 34% (see Figure 1), and more efficient generators could lead to reductions in fuel charges from the JPS requiring less fuel to satisfy electricity demand. The approved energy charge is dependent on a non-fuel revenue requirement that maintains the Avg Non-Fuel Tariff J$ Avg Fuel Tariff J$ Customer Charge J$ Avg Non-Fuel Tariff US$ Customer Charge US$ Customer Charge US$ Cost US $ per kwh Cost US $ per kwh Growth Rate % 12.54% The CAGR is the year-over-year growth rate of a number series over a specified period of time. This rate can be thought of as an imaginary number that describes the rate at which the series would have grown if it grew at a steady rate. The marginal willingness to pay is the maximum amount a person would be willing to pay, sacrifice or exchange for an extra unit of a good or service. The OUR approves JPS s Tariff Submission applications after - amongst other things - considering rates that ensure the company is able to at least recoup operational costs. The expected costs faced by the JPS in the generation, transmission, and distribution of electricity are a significant factor in the tariff rates that are ultimately approved by the OUR. The efficient non-fuel operating cost is determined after establishing JPS s expected non-fuel costs if efficiency targets (system losses and heat rate) are met at the minimum.

9 SYSTEM DISTRIBUTION LOSSES 9

10 System Distribution Losses, categorised as either technical or non-technical, can be described as when electric utilities lose some of the power generated, over the transmission and distribution system15. Technical losses are due mainly to heat dissipation in power lines that result from the transmission and distribution of electricity across the system while non-technical losses can be caused by meter errors, billing errors, and electricity theft. In 2011, JPS recorded average system distribution losses of 22.3% (see Figure 2), higher than the average for 27 Latin America and Caribbean (LAC) countries of 14.7% (Latin American Energy Organization, 2011) outperforming only six LAC countries in the survey. JPS Generating Plants, Generation Technology and Technical Losses The generating plants located in Old Harbour, St. Catherine have been in service for over forty (40) years. As mentioned previously, plans are advanced for the retirement and replacement of 292 MW of generating capacity. The reliability of the plants is uncertain in the short-medium term and high maintenance costs further highlights the need for the proposed new plant to become a reality. The JPS mainly produces electricity using steam and slow speed diesel generators. In 2012, JPS-owned steam and slow speed diesel plants accounted for 36% of net generation compared to combined cycle plants generating about 19% with gas turbines and hydro plants producing roughly 4% each. IPPs accounted for roughly 37% of net generation mainly from the slow and medium speed diesel plants used by Jamaica Energy Partners (JEP) and Jamaica Private Power Company (JPPC). Combined cycle technology is recognized internationally as one of the most advanced and efficient means of generating electricity. This technology allows for greater efficiency of conversion, that is, it utilizes less fuel to generate each unit of electricity relative to other generating units. Therefore, there appears to be some potential for reductions in electricity costs coming from a transition from steam-fired plants to those using combined cycle technology. topology, voltages and economic feasibility to be about 7.6% (JPS Annual Tariff Adjustment Submission, 2013). Such a reduction would be contingent on a combination of short, medium and long term strategies, of which 1.5% of the 2.4% reduction in technical losses would depend on medium to long term initiatives. Achieving further reductions in technical losses would require substantial capital expenditure to upgrade the company s electricity generation network. Non-Technical Losses: Are high electricity rates the fault of the customers? Any examination of electricity rates in Jamaica must consider the abnormally high amount of non-technical system losses: mainly caused by electricity theft (socio-economic); to a lesser extent the easy access to the network in some areas (network); and by various deficiencies of the JPS including deficient record keeping, weak internal controls, over adjustments to accounts and weak audit procedures (business). The JPS recorded system losses of roughly 25% in December 2012 of which almost 15% (60% of total system losses) were non-technical. An estimated 6.5% was lost from the 531,382 billed residential customers 16 and a further 6.5% from an estimated 150,000 unmetered households that have illegal electricity connections. A JPS commissioned study revealed three predictive variables for the amount of electricity theft in a country: poverty, the level of violence in the country and the average residential electricity bill compared to GDP per capita (OUR, 2009). Costs incurred by the JPS from electricity theft are factored into the electricity bill since technical losses are lower than the system loss target set by the OUR. Technical losses have remained steady at around 10% for at least five years meaning that at least 7.5% of net generation losses passed on to customers are nontechnical. Therefore, the high electricity rates paid by registered customers of the JPS is partly attributable to the many informal electric connections on the island. Technical losses for December 2012 were roughly 10% of net generation. The JPS estimates optimal technical energy losses based on network configuration, In other words, system losses are the difference between electricity produced (as recorded by the power plants) and electricity sold to customers (as recorded by the customers energy metres, and billed by the utility). These losses were primarily caused by meter and billing errors. 10

11 DISECONOMIES OF SCALE Jamaica faces structural limitations that negatively impact electricity rates related to its size, and the absence of interconnections between Caribbean islands. It would be moot to delve further into the limitations related to Jamaica s lack of interconnections 17 and instead the focus will be on the limitation and cost disadvantage related to size. One of the main structural factors influencing the cost of electricity is the relatively low generating capacity, resulting in the JPS and the IPPs facing diseconomies of scale 18 in generation (Arbelaez and Marzolf, 2011). Diseconomies of scale has a large impact on the cost of power generation in Jamaica and other small islands since transport and infrastructure services are likely to cost more in small markets (Gerner, Hansen and the World Bank, 2011). This limitation, along with high fuel prices, results in the JPS facing high operating costs. Furthermore, operating costs were found to be even higher than in most Caribbean countries and were most similar to the smaller countries with lower demand. However, the integrated cost structure of the JPS makes it difficult to ascertain why its operating costs are higher than those of other Caribbean utility companies facing similar electricity demand. However, higher operating costs in the case of the JPS are likely explained by the requirement of a reserve margin of at least 25%1 as stipulated in JPS s license, high maintenance costs on generating plants, and fuel penalties Gerner, Hansen & the World Bank (2011) argued that interconnections between Jamaica and Haiti are unlikely given current technology. This is the opposite of economies of scale whereby instead of decreasing costs per unit increase in output, firms experience increasing marginal costs when output is increased Lower reserve margins generally drive up costs for consumers, triggering costly shortages when demand peaks, while a higher reserve margin would mean capital cost investment in plants that could sit idle for certain portions of the year.

12 BEST CASE ELECTRICITY RATES FOR JAMAICA Reducing the price of electricity paid by Jamaicans hinges on using newer and more efficient technologies such as combined cycle generation plants, making appropriate fuel choices for better decisions regarding base/peak load generation, making significant reductions in the prevalence of electricity theft, lowering technical losses, and continuing the transition to a billing structure that is truly reflective of JPS s cost structure (increasing fixed charges and reducing variable charges for consumption over 100 kwh/month). The following is a projection of the best case scenario conditions Jamaicans can expect over a 5-year horizon, which guides the estimated electricity costs presented in Table 4: a.i.1. IPPs will supply 200 MW of peak demand to local customers; the winning bidder s proposed plants begin supplying 381 MW by 2016 and JPS will supply the remaining 120 MW. 2. Unmetered consumption is halved to 75,000 households and non-technical losses are reduced from the current level of approximately 16% to 10% of net generation. Technical losses are reduced to 8.8% through a combination of short and medium term strategies (a further 1.2% reduction could come from medium to long term strategies according to the JPS). 3. Improvements in efficiency will logically follow from the replacement of older generating plants and planned reduction efforts. However, gains made in efficiency are mostly offset by further aging of existing JPS and IPP generating plants. Therefore, the selling price from JPS generating plants is projected to remain close to current levels. 4. Average energy demand at peak will increase from 650 MW to 680 MW by 2019 as the population increases and the price of crude oil remains roughly the same.20 Generating Plants Approximate Generating Capacity (MW) Estimated Operating Load at Peak 21 Estimated Cost of generating electricity (US$/kWh) Estimated Cost to JPS 22 (US$/kWh) Estimated Selling Price 23 (US$/kWh) JPS Winning bidder Existing IPPs Total Both the World Bank and the IMF project that crude oil prices could be slightly lower by However, crude oil prices are conservatively estimated to remain at current levels. Estimates for operating loads at peak consumption are based on the premise that the JPS will use the cheapest sources first. Price mark-ups are made by the JPS after transmission and distribution losses (mainly from electricity theft) have been incurred It is estimated that the JPS will add a 25% mark-up on electricity purchased from the winning bidder and IPPs, and electricity generated using its plants. This estimate was derived on the premise that the winning bidder operates the new plants using liquefied natural gas (LNG).

13 CONCLUSION Electricity rates in Jamaica rank near the middle of the group of Caribbean countries, a Region with some of the highest rates in the world. Inefficient generators are the main non-fuel related reason for the high electricity rates followed by costs passed onto customers from electricity theft and JPS s inefficient plants. The billing of customers using a highly consumption-sensitive billing structure contribute to a lesser extent to average rates of J$38/kWh (US$0.35/kWh) for electricity consumption of 175 kwh/month. If system losses are reduced to optimal levels, planned improvements are made to generating plants, and gains are made in JPS s operating efficiency then Jamaicans could be paying J$30/kWh (US$0.27/kWh) for electricity by N.B: Calculations were done for a typical residential customer using 175 kwh/month 13

14 Bibliography (2013, November 24). Act now on energy. Jamaica Gleaner. p. I4. Arbelaez, J. P., & Marzolf, N. C. (2011). Power and Possibility: The Energy Sector in Jamaica (No ). Inter- American Development Bank. Gerner, F., Hansen, M., & World Bank. (2011). Caribbean regional electricity supply options: Toward greater security, renewables and resilience. Washington, D.C: World Bank. Government of Jamaica, Office of Utilities Regulation (2009). Jamaica Public Service Company: Tariff Adjustment for period Determination Notice. Kingston, Jamaica. Government of Jamaica, Office of Utilities Regulation (2013). JPS Annual Tariff Adjustment 2013: Determination Notice. Kingston, Jamaica. Inter-American Development Bank (IDB) & Bloomberg New Energy Finance (BNEF) (2013). ClimateScope Available at Jamaica Gleaner (2014). OUR Considering Energy World International License. January 31. Available at OECD (2013), OECD Factbook 2013: Economic, Environmental and Social Statistics, OECD Publishing. OLADE (Latin American Energy Organization) (2011). Energy Economic Information System (SIEE). Available at pdf The Jamaica Public Service Co. (2013). The Jamaica Public Service Co. Ltd Annual Tariff Adjustment Submission for Kingston, Jamaica. U.S. Department of Energy (2013). Annual energy outlook with projections: 2013 with projections to 2040: U.S Energy Information Administration. 14

15 about Capri The Caribbean Policy Research Institute (CaPRI) is a not-for-profit, public policy think tank based at the University of the West Indies, dedicated to the provision of impartial, evidence-based knowledge to inform economic and social policy decision-making in Jamaica and the wider Caribbean. To read any of our published output in full, please visit Contact us at: info@capricaribbean.org or by telephone at (876) or (876)

Options to Bring Down the Cost of Electricity in Jamaica

Options to Bring Down the Cost of Electricity in Jamaica Options to Bring Down the Cost of Electricity in Jamaica Final Report 23 June 2011 Options to Bring Down the Cost of Electricity in Jamaica Final Report 23 June 2011 Copyright Castalia Limited. All rights

More information

How Grenada s electricity prices compare with other island nations

How Grenada s electricity prices compare with other island nations EC$/kWh Opinion Editorial, March 2, 21 How Grenada s electricity prices compare with other island nations By Collin Cover, General Manager & Chief Executive Officer, Grenada Electricity Service Ltd.(Grenlec)

More information

The Economic Impact of a U.S. Slowdown on the Americas

The Economic Impact of a U.S. Slowdown on the Americas Issue Brief March 2008 Center for Economic and Policy Research 1611 Connecticut Ave, NW Suite 400 Washington, DC 20009 tel: 202-293-5380 fax:: 202-588-1356 www.cepr.net The Economic Impact of a U.S. Slowdown

More information

Fig 1.1: GDP at Constant 2006 Prices: 2011

Fig 1.1: GDP at Constant 2006 Prices: 2011 1 2 Fig 1.1: GDP at Constant 2006 Prices: 2011 Trinidad and Tobago 36.7% Suriname 6.4% Jamaica 19.9% Guyana 3.2% Barbados 7.2% Belize 2.7% Antigua & Barbuda Other 8.5% The Bahamas 15.3% 2.0% Grenada 1.4%

More information

TARIFF AND GOVERNANCE ASSESSMENT

TARIFF AND GOVERNANCE ASSESSMENT Power System Expansion and Efficiency Improvement Investment Program (RRP BAN 42378) A. Tariff Assessment 1. Introduction TARIFF AND GOVERNANCE ASSESSMENT 1. Electricity tariffs in Bangladesh are unbundled

More information

Information Requirements: Business Plan. Trinidad & Tobago Electricity Commission

Information Requirements: Business Plan. Trinidad & Tobago Electricity Commission Information Requirements: Business Plan June 01, 2011 May 31, 2016 Trinidad & Tobago Electricity Commission November 2010 This document is one of a series of discussion papers exploring a specific aspect

More information

Solar PV in the Caribbean Opportunities and Challenges

Solar PV in the Caribbean Opportunities and Challenges Solar PV in the Caribbean Opportunities and Challenges Also See: Latin America PV Playbook The Latin America PV Playbook explores the budding Latin American PV Market, specifically Mexico, Brazil, Chile,

More information

Caribbean Regional Electricity Generation, Interconnection, and Fuels Supply Strategy. Final Report Executive Summary. Submitted to: World Bank

Caribbean Regional Electricity Generation, Interconnection, and Fuels Supply Strategy. Final Report Executive Summary. Submitted to: World Bank The Power of Experience Submitted to: World Bank Caribbean Regional Electricity Generation, Interconnection, and Fuels Supply Strategy Final Report Executive Summary Submitted By: March 2010 Contents Section

More information

Committee on the Northern Territory s Energy Future. Electricity Pricing Options. Submission from Power and Water Corporation

Committee on the Northern Territory s Energy Future. Electricity Pricing Options. Submission from Power and Water Corporation Committee on the Northern Territory s Energy Future Electricity Pricing Options Submission from Power and Water Corporation October 2014 Power and Water Corporation 1. INTRODUCTION On 21 August 2014, the

More information

Brand Development and Packaging Workshop/Webinar

Brand Development and Packaging Workshop/Webinar Appendix 1: TERMS OF REFERENCE Brand Development and Packaging Workshop/Webinar 1. BACKGROUND INFORMATION 1.1. Beneficiary/Eligible countries CARIFORUM Region: Antigua and Barbuda, The Bahamas, Barbados,

More information

Wind Energy Development in Jamaica

Wind Energy Development in Jamaica ACCELERATING ADVANCED ENERGY TECHNOLOGIES Wind Energy Development in Jamaica Group Managing Director, Petroleum Corporation of Jamaica Presentation Outline Country Profile Jamaica Case Study: Wind Energy

More information

2. as source of heat in processes requiring large amounts of caloric energy

2. as source of heat in processes requiring large amounts of caloric energy Mr. Giacomo Luciani The Gulf Countries and Nuclear Energy In recent months, the GCC and its member countries have manifested an interest in the development of peaceful uses of nuclear technology, meaning

More information

Competitive Electricity Prices: An Update 1

Competitive Electricity Prices: An Update 1 Competitive Electricity Prices: An Update by J. Alan Beamon Throughout the country, States are moving to make their electricity generation markets more competitive. Although the timing will surely vary,

More information

FIXED CHARGE: This is a cost that goes towards making the service available, including

FIXED CHARGE: This is a cost that goes towards making the service available, including ELECTRICITY BILL COMPONENTS FIXED CHARGE: This is a cost that goes towards making the service available, including installation and maintenance of poles, power lines and equipment, and 24-hour customer

More information

Massachusetts Saving Electricity:

Massachusetts Saving Electricity: Commonwealth of Massachusetts Massachusetts Saving Electricity: A Summary of the Performance of Electric Efficiency Programs Funded by Ratepayers Between 2003 and 2005 Executive Office of Energy and Environmental

More information

Financing Energy Efficiency and Renewable Energy through the India Renewable Energy Development Agency

Financing Energy Efficiency and Renewable Energy through the India Renewable Energy Development Agency RENEWABLE ENERGY INDUSTRIAL ENERGY EFFICIENCY BUILDING ENERGY EFFICIENCY Financing Energy Efficiency and Renewable Energy through the India Renewable Energy Development Agency A RANGE OF FINANCIAL SUPPORT

More information

Electricity Demand and Supply in Myanmar

Electricity Demand and Supply in Myanmar RAJAWALI FOUNDATION INSTITUTE FOR ASIA Electricity Demand and Supply in Myanmar Prepared for Proximity Designs Myanmar This research paper was written by David Dapice (David_Dapice@harvard.edu), of the

More information

Glossary of Energy Terms. Know Your Power. Towards a Participatory Approach for Sustainable Power Development in the Mekong Region

Glossary of Energy Terms. Know Your Power. Towards a Participatory Approach for Sustainable Power Development in the Mekong Region Glossary of Energy Terms Know Your Power 2012 Towards a Participatory Approach for Sustainable Power Development in the Mekong Region List of terms Terms Page Terms Page Avoided cost 10 Installed capacity

More information

Jamaica Productivity Centre. Jamaica Productivity Centre

Jamaica Productivity Centre. Jamaica Productivity Centre ii Copyright @ October 2010 by Short extracts from this publication may be copied or reproduced, for individual use without permission, provided the source is fully acknowledged. Reproductions that are

More information

DEADLINE: 01 April 2015, 4:30PM (AST) CARIBBEAN EXPORT DEVELOPMENT AGENCY REQUEST FOR PROPOSALS NOTICE

DEADLINE: 01 April 2015, 4:30PM (AST) CARIBBEAN EXPORT DEVELOPMENT AGENCY REQUEST FOR PROPOSALS NOTICE DEADLINE: 01 April 2015, 4:30PM (AST) CARIBBEAN EXPORT DEVELOPMENT AGENCY REQUEST FOR PROPOSALS NOTICE TITLE: Lead generation, pre-qualification and short-listing of foreign companies identified as potential

More information

Energy Use in Homes. A series of reports on domestic energy use in England. Fuel Consumption

Energy Use in Homes. A series of reports on domestic energy use in England. Fuel Consumption Energy Use in Homes A series of reports on domestic energy use in England Fuel Consumption Energy Use in Homes A series of reports on domestic energy use in England Fuel Consumption This is one of a series

More information

Saving energy: bringing down Europe s energy prices

Saving energy: bringing down Europe s energy prices Saving energy: bringing down Europe s energy prices Saving energy: bringing down Europe s energy prices By: Dr. Edith Molenbroek, Prof. Dr. Kornelis Blok Date: May 2012 Project number: BUINL12344 Ecofys

More information

WORLD ENERGY INVESTMENT OUTLOOK 2014 FACTSHEET OVERVIEW

WORLD ENERGY INVESTMENT OUTLOOK 2014 FACTSHEET OVERVIEW OVERVIEW More than $1.6 trillion was invested in 2013 in energy supply, a figure that has more than doubled in real terms since 2000, and a further $130 billion to improve energy efficiency. Renewables

More information

Gas transport tariffs calculation

Gas transport tariffs calculation Ad Hoc Expert Facility under the INOGATE project Support to Energy Market Integration and Sustainable Energy in the NIS (SEMISE) Gas transport tariffs calculation 1 TABLE OF CONTENTS 1. INTRODUCTION...

More information

Renewable Energy Development in Jamaica

Renewable Energy Development in Jamaica Renewable Energy Development in Jamaica Yvonne Barrett-Edwards Director, Energy Economics and Planning Energy Division Ministry of Science, Technology, Energy and Mining Presentation Outline Introduction

More information

Cost Reflective Tariffs: Balancing Commercial and Socio-economic Imperatives The MYTO Perspective

Cost Reflective Tariffs: Balancing Commercial and Socio-economic Imperatives The MYTO Perspective 14th 15th May 2013 Cape Town, South Africa Cost Reflective Tariffs: Balancing Commercial and Socio-economic Imperatives The MYTO Perspective Sam Amadi, Ph.D Chairman/Chief Executive Officer Nigerian Electricity

More information

Domestic Customer Tariff Breakdown - RoI Note this is approximate due to tariff and consumption variations

Domestic Customer Tariff Breakdown - RoI Note this is approximate due to tariff and consumption variations Guide to Electricity price formation in Ireland and Northern Ireland The numbers The average household consumes 4,300 kwh 1 of electricity per annum in Ireland and 4,100 in Northern Ireland. At an average

More information

Using Less Energy: Nova Scotia s Electricity Efficiency and Conservation Plan

Using Less Energy: Nova Scotia s Electricity Efficiency and Conservation Plan Using Less Energy: Nova Scotia s Electricity Efficiency and Conservation Plan April 2014 Contents Summary...1 Introduction...2 Objectives of the Plan...3 Plan of Action...5 The Benefits of Energy Efficiency...

More information

TAX CARIBBEAN REGIONAL CAPACITY BUILDING WORKSHOP ON FACTORING / RECEIVABLES DISCOUNTING TAX IMPLICATIONS ON FACTORING RECEIVABLES By H.

TAX CARIBBEAN REGIONAL CAPACITY BUILDING WORKSHOP ON FACTORING / RECEIVABLES DISCOUNTING TAX IMPLICATIONS ON FACTORING RECEIVABLES By H. TAX CARIBBEAN REGIONAL CAPACITY BUILDING WORKSHOP ON FACTORING / RECEIVABLES DISCOUNTING TAX IMPLICATIONS ON FACTORING RECEIVABLES By H. Wayne Lovell, Director, Tax, KPMG November 5 th 2009 Tax Implications

More information

2014 Residential Electricity Price Trends

2014 Residential Electricity Price Trends FINAL REPORT 2014 Residential Electricity Price Trends To COAG Energy Council 5 December 2014 Reference: EPR0040 2014 Residential Price Trends Inquiries Australian Energy Market Commission PO Box A2449

More information

P. Locker, Photo Graphic Design, Bolton

P. Locker, Photo Graphic Design, Bolton DfEE Project Team: Chris Bissell Principal Architect Richard Daniels Senior Engineer Graphics: Paul Isbell Photographs: P. Locker, Photo Graphic Design, Bolton Cover Design and typesetting: The Stationery

More information

Greenhouse gas emissions in Winchester District: Part IV Estimates and trends (2005-2012)

Greenhouse gas emissions in Winchester District: Part IV Estimates and trends (2005-2012) Greenhouse gas emissions in Winchester District: Part IV Estimates and trends (2005-2012) A summary Bob Whitmarsh Winchester Action on Climate Change (WinACC) (September 2014) Introduction This is the

More information

Western Australia and the Northern Territory are not connected to the NEM, primarily due to the distance between networks.

Western Australia and the Northern Territory are not connected to the NEM, primarily due to the distance between networks. Australia has one of the world s longest alternating current (AC) systems, stretching from Port Douglas in Queensland to Port Lincoln in South Australia and across the Bass Strait to Tasmania a distance

More information

THE MULTILATERAL INVESTMENT FUND (MIF) CLEAN & EFFICIENT ENERGY: BUSINESS CASES

THE MULTILATERAL INVESTMENT FUND (MIF) CLEAN & EFFICIENT ENERGY: BUSINESS CASES THE MULTILATERAL INVESTMENT FUND (MIF) CLEAN & EFFICIENT ENERGY: BUSINESS CASES JENNIFER BALDWIN Georgetown, Guyana April 18, 2012 1. WHAT IS THE MIF? 2. LESSONS FROM CHILE 3. OPORTUNITIES 4. MIF PROJECTS

More information

SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6

SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6 CONTENTS SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6 Disclaimer notice on page 8 applies throughout. Page 2 SECTION 1. PREAMBLE The New Energy Outlook (NEO) is Bloomberg New Energy

More information

rising Electricity Costs:

rising Electricity Costs: rising Electricity Costs: A Challenge For Consumers, Regulators, And Utilities Electricity is the lifeblood of the U.S. economy. It powers our homes, offices, and industries; provides communications, entertainment,

More information

STATEMENT BY MS. SHORNA-KAY RICHARDS DEPUTY PERMANENT REPRESENTATIVE OF JAMAICA TO THE UNITED NATIONS ON BEHALF OF THE CARIBBEAN COMMUNITY (CARICOM)

STATEMENT BY MS. SHORNA-KAY RICHARDS DEPUTY PERMANENT REPRESENTATIVE OF JAMAICA TO THE UNITED NATIONS ON BEHALF OF THE CARIBBEAN COMMUNITY (CARICOM) STATEMENT BY MS. SHORNA-KAY RICHARDS DEPUTY PERMANENT REPRESENTATIVE OF JAMAICA TO THE UNITED NATIONS ON BEHALF OF THE CARIBBEAN COMMUNITY (CARICOM) DURING THE TWENTY-SEVENTH SESSION OF THE COMMITTEE OF

More information

Sustainable and Renewable Energy Development Authority (SREDA) of Bangladesh Role and Responsibility

Sustainable and Renewable Energy Development Authority (SREDA) of Bangladesh Role and Responsibility Sustainable and Renewable Energy Development Authority (SREDA) of Bangladesh Role and Responsibility Welcome to SREDA Siddique Zobair Member (EE & C) Sustainable & Renewable Energy Development Authority

More information

Electricity Insight NEW ZEALAND S ENERGY OUTLOOK. Preview of key insights: Exploring the uncertainty in future electricity demand and supply

Electricity Insight NEW ZEALAND S ENERGY OUTLOOK. Preview of key insights: Exploring the uncertainty in future electricity demand and supply NEW ZEALAND S ENERGY OUTLOOK Electricity Insight Exploring the uncertainty in future electricity demand and supply Preview of key insights: Lower demand growth and excess supply should put strong downward

More information

Residential Heating Oil Prices: What Consumers Should know

Residential Heating Oil Prices: What Consumers Should know Residential Heating Oil Prices: What Consumers Should know Introduction Heating oil is a petroleum product used by many Americans to heat their homes. Historically, heating oil prices have fluctuated from

More information

Expanding Renewable Energy Options for Companies Through Utility-Offered Renewable Energy Tariffs

Expanding Renewable Energy Options for Companies Through Utility-Offered Renewable Energy Tariffs April 19, 2013 Expanding Renewable Energy Options for Companies Through Utility-Offered Renewable Energy Tariffs Table of Contents Background...1 What s needed: A better approach...2 A renewable energy

More information

The Cost of Electricity in Jersey

The Cost of Electricity in Jersey Jersey Energy Trends 25 Headlines In 25 total final energy demand in Jersey was 187 million toe (2,17, 9 MWh) an increase of.1% on 24. Final consumption of electricity grew by 1.2% between 24 and 25. Over

More information

Rule change request. 18 September 2013

Rule change request. 18 September 2013 Reform of the distribution network pricing arrangements under the National Electricity Rules to provide better guidance for setting, and consulting on, cost-reflective distribution network pricing structures

More information

Energy [R]evolution vs. IEA World Energy Outlook scenario

Energy [R]evolution vs. IEA World Energy Outlook scenario Energy [R]evolution vs. IEA World Energy Outlook scenario New set of scenarios takes climate crisis into account World Energy Outlook (WEO) 2008 for the first time takes the climate crisis really into

More information

AN ECONOMIC EVALUATION OF DISTRIBUTED ELECTRICITY GENERATION TECHNOLOGIES

AN ECONOMIC EVALUATION OF DISTRIBUTED ELECTRICITY GENERATION TECHNOLOGIES AN ECONOMIC EVALUATION OF DISTRIBUTED ELECTRICITY GENERATION TECHNOLOGIES ABSTRACT Alexander Mészáros Distributed generation, the small-scale production of electricity at or near customers' homes and businesses,

More information

Comparative Report. Pacific Region Electricity Bills

Comparative Report. Pacific Region Electricity Bills Comparative Report Pacific Region Electricity Bills June 2015 Letter from the CEO This is the third report of the Utilities Regulatory Authority (URA) on electricity bills comparisons for the small pacific

More information

RESIDENTIAL ENERGY BILL CHARGES. The following charges may appear on your Electric bill:

RESIDENTIAL ENERGY BILL CHARGES. The following charges may appear on your Electric bill: Distribution/Delivery Service The following charges may appear on your Electric bill: Delivery/Distribution charges are applicable to full-service and retail open access (electric choice) customers. Delivery

More information

Diagnosis of Generation in Latin America & the Caribbean: Jamaica

Diagnosis of Generation in Latin America & the Caribbean: Jamaica Diagnosis of Generation in Latin America & the Caribbean: Jamaica September 2013 This report was prepared during the term of: Victorio Oxilia Davalos Executive Secretary of the Latin American Energy Organization

More information

Obtaining Finance in Latin America and the Caribbean 1

Obtaining Finance in Latin America and the Caribbean 1 Obtaining Finance in Latin America and the Caribbean 1 World Bank Group latin America and the Caribbean Series Note No. REV. 8/14 Basic Definitions Countries surveyed in and how they are grouped for analysis:

More information

1. EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS

1. EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS 1. EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS EXECUTIVE SUMMARY Energy policy in Greece has the potential to make a significant contribution to the country s economic recovery. Increasing competition and

More information

Energy Efficiency and Utility Decoupling. Utilities. In order to introduce a market for electricity, Utilities were forced to become

Energy Efficiency and Utility Decoupling. Utilities. In order to introduce a market for electricity, Utilities were forced to become Energy Efficiency and Utility Decoupling Jacquelyn Dadakis CityScope Final Project Spring 2009 Towards the end of the 1990s, there was a drastic shift in the structure of US Utilities. In order to introduce

More information

FINANCING TERTIARY EDUCATION IN THE CARIBBEAN: THE CASE OF THE UNIVERSITY OF THE WEST INDIES

FINANCING TERTIARY EDUCATION IN THE CARIBBEAN: THE CASE OF THE UNIVERSITY OF THE WEST INDIES FINANCING TERTIARY EDUCATION IN THE CARIBBEAN: THE CASE OF THE UNIVERSITY OF THE Andrew S Downes PhD Professor of Economics/Pro Vice Chancellor, Planning and Development, University of the West Indies

More information

TAMPA ELECTRIC COMPANY UNDOCKETED: SOLAR ENERGY IN FLORIDA STAFF S REQUEST FOR COMMENTS INTRODUCTION PAGE 1 OF 1 FILED: JUNE 23, 2015.

TAMPA ELECTRIC COMPANY UNDOCKETED: SOLAR ENERGY IN FLORIDA STAFF S REQUEST FOR COMMENTS INTRODUCTION PAGE 1 OF 1 FILED: JUNE 23, 2015. INTRODUCTION PAGE 1 OF 1 Introduction Solar power is an important part of Florida s energy future and can provide a number of benefits to Florida and its citizens by generating power without emissions

More information

Data Communications Company (DCC) price control guidance: process and procedures

Data Communications Company (DCC) price control guidance: process and procedures Guidance document Contact: Tricia Quinn, Senior Economist Publication date: 27 July 2015 Team: Smarter Metering Email: tricia.quinn@ofgem.gov.uk Overview: The Data and Communications Company (DCC) is required

More information

Electricity Price Comparison. Namibia Manufacturers Association (NMA)

Electricity Price Comparison. Namibia Manufacturers Association (NMA) Electricity Price Comparison December 2012 Submitted to: Namibia Manufacturers Association (NMA) P O Box 20810 Windhoek Namibia Tel +264 (0)61 233206 Fax +264 (0)61 233360 Submitted by: EMCON (Pty) Ltd

More information

National Electricity Policy 03-Feb-2005

National Electricity Policy 03-Feb-2005 National Electricity Policy 03-Feb-2005 Under the provisions of section 3(1) of the Electricity Act, 2003, the Central Government is required to prepare the National Electricity Policy for development

More information

Service Price Control Proposal

Service Price Control Proposal INFORMATION REQUIREMENTS: BUSINESS PLAN WATER & SEWERAGE AUTHORITY January 2007 TABLE OF CONTENTS Page No. EXECUTIVE SUMMARY 1 1. INTRODUCTION.. 2 1.1 Background.. 2 1.2 Role of the Business Plan. 2 2.

More information

Development of an Energy Conservation Policy and Implementation Strategy for the Turks and Caicos Islands Government of the Turks and Caicos Islands

Development of an Energy Conservation Policy and Implementation Strategy for the Turks and Caicos Islands Government of the Turks and Caicos Islands Development of an Energy Conservation Policy and Implementation Strategy for the Turks and Caicos Islands Government of the Turks and Caicos Islands Draft Final Report 25 February 2011 Contents 1 Introduction

More information

CLOSING SUBMISSION OF DR. ROLAND R. CLARKE

CLOSING SUBMISSION OF DR. ROLAND R. CLARKE CLOSING SUBMISSION OF DR. ROLAND R. CLARKE BARBADOS NO. 02/09 BL&P - RADJ THE FAIR TRADING COMMISSION IN THE MATTER of the Utilities Regulation Act, Cap 282 of the Laws of Barbados; IN THE MATTER of the

More information

FACT SHEET. NEM fast facts:

FACT SHEET. NEM fast facts: (NEM) operates on one of the world s longest interconnected power systems, stretching from Port Douglas in Queensland to Port Lincoln in South Australia and across the Bass Strait to Tasmania a distance

More information

NIGERIAN ELECTRICITY REGULATORY COMMISSION. Presentation at the ELECTRIC POWER INVESTORS FORUM

NIGERIAN ELECTRICITY REGULATORY COMMISSION. Presentation at the ELECTRIC POWER INVESTORS FORUM NIGERIAN ELECTRICITY REGULATORY COMMISSION Tariff Design and Regulation Presentation at the ELECTRIC POWER INVESTORS FORUM February 2011 OUTLINE Establishment and Functions of NERC MYTO as an Incentive

More information

SECTOR ASSESSMENT (SUMMARY): ENERGY 1

SECTOR ASSESSMENT (SUMMARY): ENERGY 1 Country Partnership Strategy: Uzbekistan 2012 2016 SECTOR ASSESSMENT (SUMMARY): ENERGY 1 Sector Road Map 1. Sector Performance, Problems, and Opportunities 1. The energy sector underpins Uzbekistan s sustained

More information

Telefónica South America Feasibility Studies

Telefónica South America Feasibility Studies 1 Telefónica South America Feasibility Studies The GSMA conducted a six country study for Telefónica in South America. The countries covered by this study were Argentina, Chile, Colombia, Mexico, Nicaragua,

More information

RESOLVING SOVEREIGN DEBT DISTRESS IN THE CARIBBEAN TOWARDS A HEAVILY INDEBTED MIDDLE INCOME COUNTRY (HIMIC) INITIATIVE

RESOLVING SOVEREIGN DEBT DISTRESS IN THE CARIBBEAN TOWARDS A HEAVILY INDEBTED MIDDLE INCOME COUNTRY (HIMIC) INITIATIVE RESOLVING SOVEREIGN DEBT DISTRESS IN THE CARIBBEAN TOWARDS A HEAVILY INDEBTED MIDDLE INCOME COUNTRY (HIMIC) INITIATIVE SIR ARTHUR LEWIS INSTITUTE OF SOCIAL AND ECONOMIC STUDIES (SALISES) 15 th ANNUAL CONFERENCE

More information

ENERGY REFORM. Strengthen the stewardship of the State as the owner of the oil and gas, and as regulator of the oil industry.

ENERGY REFORM. Strengthen the stewardship of the State as the owner of the oil and gas, and as regulator of the oil industry. I. The Objectives of the Reform. The bill being submitted by the Federal Executive for the consideration of the Congress of the Union, proposes that Constitutional Article 27 return to state what President

More information

INDONESIA S COUNTRY REPORT ENCOURAGING CLEAN ENERGY INITIATIVE

INDONESIA S COUNTRY REPORT ENCOURAGING CLEAN ENERGY INITIATIVE DEWAN PERWAKILAN RAKYAT REPUBLIK INDONESIA INDONESIA S COUNTRY REPORT ENCOURAGING CLEAN ENERGY INITIATIVE As part of the international community, Indonesia shares its concern on the environment and development

More information

Overview of Renewable Energy Development in Caribbean SIDS

Overview of Renewable Energy Development in Caribbean SIDS Overview of Renewable Energy Development in Caribbean SIDS Roland R. Clarke Ph.D. Caribbean Renewable Energy Development Programme, CREDP CARICOM Secretariat, Georgetown, Guyana Tel: 592 222 0079, rclarke@caricom.org,,

More information

REGULATION OF THE GAS SUPPLY MARKET FREQUENTLY ASKED QUESTIONS

REGULATION OF THE GAS SUPPLY MARKET FREQUENTLY ASKED QUESTIONS REGULATION OF THE GAS SUPPLY MARKET FREQUENTLY ASKED QUESTIONS Why is it necessary to regulate gas supply in a free market? Manx Gas has a natural monopoly in the Isle of Man gas supply market. Given the

More information

Estimation of PPPs for non-benchmark economies for the 2005 ICP round

Estimation of PPPs for non-benchmark economies for the 2005 ICP round Estimation of PPPs for non-benchmark economies for the 25 ICP round This note provides a brief explanation on the imputation method used to estimate PPP rates at the GDP and private consumption level for

More information

MINISTRY OF ENERGY FEED-IN-TARIFFS POLICY ON WIND, BIOMASS, SMALL-HYDRO, GEOTHERMAL, BIOGAS AND SOLAR RESOURCE GENERATED ELECTRICITY

MINISTRY OF ENERGY FEED-IN-TARIFFS POLICY ON WIND, BIOMASS, SMALL-HYDRO, GEOTHERMAL, BIOGAS AND SOLAR RESOURCE GENERATED ELECTRICITY MINISTRY OF ENERGY FEED-IN-TARIFFS POLICY ON WIND, BIOMASS, SMALL-HYDRO, GEOTHERMAL, BIOGAS AND SOLAR RESOURCE GENERATED ELECTRICITY Initial Issue: March 2008 1 st Revision: January 2010 2 nd Revision:

More information

RESPONSE TO PUB ORDER 117/06. PUB Order 117/06 Directive 6

RESPONSE TO PUB ORDER 117/06. PUB Order 117/06 Directive 6 RESPONSE TO PUB ORDER 117/06 PUB Order 117/06 Directive 6 6. Manitoba Hydro shall file a General Rate Application for the fiscal years 2007/08 and 2008/09 by no later than August 1, 2007 which shall include

More information

Unlocking Electricity Prices:

Unlocking Electricity Prices: Volume 2 A BidURenergy White Paper Unlocking Electricity Prices: A White Paper Exploring Price Determinants by: Mark Bookhagen, CEP pg. 2 Written by Mark Bookhagen, CEP Introduction In order to be classified

More information

Renewable Energy in the manufacturing and tourism industry in Egypt. Regulatory Framework and market potential

Renewable Energy in the manufacturing and tourism industry in Egypt. Regulatory Framework and market potential Renewable Energy in the manufacturing and tourism industry in Egypt Regulatory Framework and market potential Part 1 Electricity Self-consumption 2 Egypt s Electricity Sector Figures 2013 27 GW Peak Load

More information

Short-Term Energy Outlook Supplement: Summer 2013 Outlook for Residential Electric Bills

Short-Term Energy Outlook Supplement: Summer 2013 Outlook for Residential Electric Bills Short-Term Energy Outlook Supplement: Summer 2013 Outlook for Residential Electric Bills June 2013 Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 This report

More information

Retail Tariffs. Business, Irrigation and Farming Tariffs

Retail Tariffs. Business, Irrigation and Farming Tariffs Retail Tariffs Business, Irrigation and Farming Tariffs Background on Ergon Energy Qld Retail Tariffs The Queensland Competition Authority (QCA) has been delegated the task of determining notified prices

More information

Electricity Costs White Paper

Electricity Costs White Paper Electricity Costs White Paper ISO New England Inc. June 1, 2006 Table of Contents Executive Summary...1 Highlights of the Analysis...1 Components of Electricity Rates...2 Action Plan for Managing Electricity

More information

Electricity Rates Forecasting:

Electricity Rates Forecasting: Electricity Rates Forecasting: Muskrat Falls Will Options: Stabilize Rates for Consumers Legal S92A, Good Faith and Regulatory Proceedings in Quebec Department of Natural Resources October 2012 Department

More information

SECTOR ASSESSMENT (SUMMARY): ENERGY 1. 1. Sector Performance, Problems, and Opportunities

SECTOR ASSESSMENT (SUMMARY): ENERGY 1. 1. Sector Performance, Problems, and Opportunities Country Partnership Strategy: Bangladesh, 2011 SECTOR ASSESSMENT (SUMMARY): ENERGY 1 Sector Road Map 1. Sector Performance, Problems, and Opportunities 1. Power generation gap. Bangladesh endures long

More information

Comparison of Electricity Supply and Tariff Rates in South Asian Countries

Comparison of Electricity Supply and Tariff Rates in South Asian Countries Comparison of Electricity Supply and Tariff Rates in South Asian Countries By Faisal Jamil, Energy Specialist (Economics) Introduction A reliable, accessible and affordable supply of energy produced in

More information

Response to the Energy White Paper Issues Paper PREPARED BY EMC ENGINEERING FOR THE AUSTRALIAN GOVERNMENT DEPARTMENT OF INDUSTRY

Response to the Energy White Paper Issues Paper PREPARED BY EMC ENGINEERING FOR THE AUSTRALIAN GOVERNMENT DEPARTMENT OF INDUSTRY Response to the Energy White Paper Issues Paper PREPARED BY EMC ENGINEERING FOR THE AUSTRALIAN GOVERNMENT DEPARTMENT OF INDUSTRY i P a g e www.energym adeclean.com CONTENTS

More information

Capacity Building for a Renewable Energy Workforce in Jamaica The Role of Academia

Capacity Building for a Renewable Energy Workforce in Jamaica The Role of Academia Capacity Building for a Renewable Energy Workforce in Jamaica The Role of Academia Ruth Potopsingh PhD Associate Vice President- Sustainable Energy, University of Technology, Jamaica Presentation Outline

More information

Mongolian power sector:

Mongolian power sector: Mongolian power sector: Background and current policy Kh.Erdenechuluun Representing UBEDN, Mongolia BRIEFLY ABOUT MONGOLIA Territory: 1.564 million km 2 Population: 2.7 million Capital city: Ulaanbaatar

More information

ALENA RAKAVA SUMMARY

ALENA RAKAVA SUMMARY ENERGY SECURITY OF BELARUS: STEREOTYPES, THREATS, TRENDS 1 ALENA RAKAVA SUMMARY The issue of energy security is on the agenda of many countries. However, the policy debate on energy security often focuses

More information

Thierry Tressel Lead Economist, Research Group, World Bank 2015 High Level Caribbean Forum, Sept. 3-4 2015, St. Kitts

Thierry Tressel Lead Economist, Research Group, World Bank 2015 High Level Caribbean Forum, Sept. 3-4 2015, St. Kitts Thierry Tressel Lead Economist, Research Group, World Bank 215 High Level Caribbean Forum, Sept. 3-4 215, St. Kitts Policy issue Focus on SMEs: they are the biggest contributors to employment across countries,

More information

CLEAN ENERGY PROJECT ANALYSIS WITH RETSCREEN SOFTWARE

CLEAN ENERGY PROJECT ANALYSIS WITH RETSCREEN SOFTWARE Training Module SPEAKER S NOTES CLEAN ENERGY PROJECT ANALYSIS WITH RETSCREEN SOFTWARE CLEAN ENERGY PROJECT ANALYSIS COURSE This document provides a transcription of the oral presentation (Voice & Slides)

More information

APRIL 2014 ELECTRICITY PRICES AND NETWORK COSTS

APRIL 2014 ELECTRICITY PRICES AND NETWORK COSTS APRIL 2014 ELECTRICITY PRICES AND NETWORK COSTS 1 WHAT MAKES UP THE RETAIL ELECTRICITY BILL? Retail electricity bills are made up of a number of components: Wholesale costs reflecting electricity generation

More information

Detailed Consultation on our Proposed Tariff Review. Yola Electricity Distribution Company Plc. June 2015

Detailed Consultation on our Proposed Tariff Review. Yola Electricity Distribution Company Plc. June 2015 Detailed Consultation on our Proposed Tariff Review Yola Electricity Distribution Company Plc June 2015 Responses to this consultation are due on or before 1 September, 2015 1. Contents 1. Contents 1 2.

More information

Allocation of Costs, and Non Arm s Length Valuation of Shared Goods, on Oil Sands Projects

Allocation of Costs, and Non Arm s Length Valuation of Shared Goods, on Oil Sands Projects Allocation of Costs, and Non Arm s Length Valuation of Shared Goods, on Oil Sands Projects Oil Sands Division January 22, 2012 DISCLAIMER The materials in this Power Point presentation are provided for

More information

Japan. Nagahide Sato and Sadayuki Matsudaira. Nishimura & Asahi

Japan. Nagahide Sato and Sadayuki Matsudaira. Nishimura & Asahi Nagahide Sato and Sadayuki Matsudaira Nishimura & Asahi 1 Policy and law What is the government policy and legislative framework for the electricity sector? The electricity sector in is governed by the

More information

Energy and Consumer Impacts of EPA s Clean Power Plan. Prepared for the American Coalition for Clean Coal Electricity

Energy and Consumer Impacts of EPA s Clean Power Plan. Prepared for the American Coalition for Clean Coal Electricity Energy and Consumer Impacts of EPA s Clean Power Plan Prepared for the American Coalition for Clean Coal Electricity Contents Executive Summary Overview of the Clean Power Plan NERA Methodology Baseline

More information

Regulatory Environment and Electricity Tariff Design in Nigeria. Nigerian Electricity Regulatory Commission June, 2013

Regulatory Environment and Electricity Tariff Design in Nigeria. Nigerian Electricity Regulatory Commission June, 2013 Regulatory Environment and Electricity Tariff Design in Nigeria By Nigerian Electricity Regulatory Commission June, 2013 Outline Functions of the Commission Tariff Regulation in Nigeria Methodology of

More information

Health Care Expenditure and Financing in Latin America and the Caribbean [Fact sheet]

Health Care Expenditure and Financing in Latin America and the Caribbean [Fact sheet] Health Care Expenditure and Financing in Latin America and the Caribbean [Fact sheet] December 2012 Overview of Health Expenditure and Financing Current Situation and Trends In 2011, the national or total

More information

Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015

Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015 June 2015 Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015 This paper presents average values of levelized costs for generating technologies that

More information

Appendix F Alternatives for Estimating Energy Consumption

Appendix F Alternatives for Estimating Energy Consumption Appendix F Alternatives Estimating Energy Consumption This appendix is reprinted from the Annual Energy Review 200. EIA continues to review alternative options accounting energy consumption and related

More information

Comparative Report. Pacific Region Electricity Bills

Comparative Report. Pacific Region Electricity Bills Comparative Report Pacific Region Electricity Bills July 2014 Letter from the CEO In September 2013, the URA Staff prepared and released its first Electricity Bills Comparison Report for the Pacific region.

More information

Case 6: Institutional arrangements of a green or fossil energy mix

Case 6: Institutional arrangements of a green or fossil energy mix POLINARES is a project designed to help identify the main global challenges relating to competition for access to resources, and to propose new approaches to collaborative solutions POLINARES working paper

More information

Renewable Electricity and Liberalised Markets REALM. JOULE-III Project JOR3-CT98-0290 GREECE ACTION PLAN. By ICCS / NTUA K. Delkis

Renewable Electricity and Liberalised Markets REALM. JOULE-III Project JOR3-CT98-0290 GREECE ACTION PLAN. By ICCS / NTUA K. Delkis Renewable Electricity and Liberalised Markets REALM JOULE-III Project JOR3-CT98-0290 GREECE ACTION PLAN By ICCS / NTUA K. Delkis October 1999 INTRODUCTION AND BACKGROUND Background to Renewable Energy

More information

FEED-IN OF EXCESS ENERGY AND SELF CONSUMPTION: NEW REGULATIONS IN GHANA S ENERGY SECTOR JULIUS NKANSAH-NYARKO ENERGY COMMISSION

FEED-IN OF EXCESS ENERGY AND SELF CONSUMPTION: NEW REGULATIONS IN GHANA S ENERGY SECTOR JULIUS NKANSAH-NYARKO ENERGY COMMISSION FEED-IN OF EXCESS ENERGY AND SELF CONSUMPTION: NEW REGULATIONS IN GHANA S ENERGY SECTOR JULIUS NKANSAH-NYARKO ENERGY COMMISSION NOVEMBER 20, 2014 PRESENTATION OUTLINE Overview of Ghana s Energy Situation

More information

UHI Explained. Frequently asked questions on the proposed new model of Universal Health Insurance

UHI Explained. Frequently asked questions on the proposed new model of Universal Health Insurance UHI Explained Frequently asked questions on the proposed new model of Universal Health Insurance Overview of Universal Health Insurance What kind of health system does Ireland currently have? At the moment

More information

THE POWER TO BE DIFFERENT. An introduction to Haven Power

THE POWER TO BE DIFFERENT. An introduction to Haven Power THE POWER TO BE DIFFERENT An introduction to Haven Power HAVEN HAVE THE POWER TO DELIVER A WEALTH OF EXPERIENCE IN BUSINESS ELECTRICITY SUPPLY 01 ABOUT US WHO IS HAVEN POWER? ABOUT US WHO IS HAVEN POWER?

More information