What is the cost of electricity in the Bahamas?
In the Bahamas, the average cost of electricity is around $0.36 per kilowatt-hour (kWh) in 2019. This is significantly higher than the regional average of $0.25 per kWh and has placed a considerable burden on both households and businesses.
Is biomass a source of electricity in the Bahamas?
Traditional biomass – the burning of charcoal, crop waste, and other organic matter – is not included. This can be an important source in lower-income settings. Bahamas: How much of the country’s electricity comes from nuclear power? Nuclear power – alongside renewables – is a low-carbon source of electricity.
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.
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.
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.
Will the Bahamas have a solar water heating system?
In the next decade, the Bahamas aims to have solar water heating systems on 20% to 30% of all households. This would add 200 GWh of heat for water per year, presenting opportunities for clean energy transformation.
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