Energy Conservation in the Caribbean
The energy cost in the Caribbean is the highest in the Western Hemisphere and amongst the highest in the world. The cost of energy in various islands range from as low as US$0.20/kwh to as high as US$0.37/kWh. These numbers exclude Trinidad and Tobago, a petroleum producing nation which enjoys an average cost of US$0.05/kWh.
These high energy costs provides numerous business opportunities to energy entrepreneurs which to date has not been exploited for a number of reasons.
This paper will review the energy cost in the various islands and will identify applicable energy saving technologies with an indication as to the feasibility of each. Further, the market size of the region for each ESO will be provided and recommendations for energy entrepreneurs highlighted.