Analysis of the current status of Jamaica s energy storage industry

What is Jamaica's energy policy?

Jamaica's National Energy Policy, published in 2009, sets targets for renewable electricity generation, energy efficiency, and greenhouse gas emissions to be met by 2030. The policy document outlines Jamaica's comprehensive long-term energy plan.

How is Jamaica's energy future being secured?

Jamaica’s energy future is being secured through Goal 7: Jamaica’s industry structures embracing eco-efficiency for advancing international competitiveness, and moving towards building a green economy.

What is the cost of electricity in Jamaica?

Jamaica's electricity cost is approximately $0.39 per kilowatt-hour (kWh). This information is provided in the energy snapshot of Jamaica, an island nation located in the north Caribbean Sea. The utility rates are above the Caribbean regional average of $0.33/kWh.

How much electricity is consumed in Jamaica by 20304?

In Jamaica, 20% of the electricity is consumed by 20304. Electrification rates in Jamaica are very high, reaching 98%, but operational challenges persist. For example, system losses consume 26% of electricity produced, exceeding the regulatory maximum of 17.5%.

Why is electricity inexpensive in Jamaica?

Jamaica's electricity is inexpensive due to the fact that more than 94% of the island’s electricity is generated from petroleum-based fuels. This leaves Jamaica highly dependent on imported fossil fuels and vulnerable to oil price and currency exchange fluctuations that directly impact the cost of electricity.

Does Jamaica use solar power?

Jamaica has yet to see large-scale development of solar power, with no utility-scale facilities installed to date. However, there are notable solar installations, such as the 1.6-MW rooftop array at the Grand Palladium Jamaica Resort & Spa and the combined 500 kW installed across 33 facilities by the Jamaica Broilers Group.