What is the energy eficiency initiative in the Bahamas?

With energy-related costs estimated at 15% to 20% of annual operating budgets for small- and medium-sized hotels in the Bahamas, the Bahamian hotel industry launched a significant energy eficiency initiative in 2013 in partnership with the Government of the Bahamas to reduce energy- related costs.

How will the Bahamas reform its energy sector?

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 modern-izing the energy sector.

Who owns electricity in the Bahamas?

Majority-owned by Emera Inc. Based on average global generation costs for renewable technologies, electricity rates in the Bahamas offer an oppor-tunity for renewable energy to diversify the fuel portfolio and reduce rate volatility.

What is the Bahamas national energy policy?

BESS AWARDED ‘BEST MICROGRID PROJECT’ AT THE CREF 2022 INDUSTRY AWARDS! The latest release of The Bahamas National Energy Policy documents the country’s plans to implement renewable energy generation. This will introduce net-metering, which is the recording of energy flows in both directions. As the Bahamas has close to six daily peak sun hours.

Why is the Bahamas struggling to diversify its energy mix?

One of the key challenges facing The Bahamas in its quest to diversify its energy mix is the high cost of electricity, which is primarily driven by the country’s reliance on imported oil for power generation.

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, which has the potential of adding 200 GWh of heat for water per year. According to preliminary assessments, wind and solar resources offer the greatest potential for renewable energy development in the Bahamas.