How much does energy cost in Curacao?

Energy Snapshot Curacao This profile provides a snapshot of the energy landscape of Curacao, an autonomous member of the Kingdom of the Netherlands located of the coast of Venezuela. Curacao’s utility rates are approximately $0.26 per kilowatt-hour (kWh), below the Caribbean regional average of $0.33/kWh.

What is Curacao's energy policy?

In 2009, Curacao developed an energy policy document, which sets out general guidance and governing principles for further study of energy issues.4 It suggests the goal of reducing energy consumption by 40% by 2020 and encour- ages the investigation of combining wind power with storage to provide 100% of the island’s energy needs.

Why does Curacao face energy security issues?

Curacao faces energy security issues not only due to its reliance on imported fuels but also because of the age of its generation infrastructure. Thirty megawatts (MW) of Aqualectra’s generation portfolio is beyond its expected service life and the surplus power from the RdK refinery is subject to frequent outages.

Why does Curacao use wind energy?

Curacao’s long history with wind energy has provided it with valuable experience in integrating variable energy resources into the electrical system while also demonstrating the value of avoiding petroleum-based electricity generation.

Does Curacao need electricity?

Like many island nations, Curacao is highly dependent on imported fossil fuels (more than 95% of the island’s electricity is generated using petroleum-based fuels), leaving it vulnerable to global oil price fluctuations that directly impact the cost of electricity.

Does Curacao have a net metering program?

In 2011, Curacao launched a net metering program for distributed wind and solar generation systems.11 Residential systems smaller than 10 kilowatts (kW) and commercial systems smaller than 100 kW were eligible to participate. At the same time, large commercial customers could apply for a feed-in tariff for systems up to 1 MW in size.