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Jamaica's High Energy Cost the Problems and Factors


Electricity cost have been trending up for the last five years and by all indications seems as if it will continue to trend up for the foreseeable future.


Behind the continuous rise in electricity cost is the underlying requirement to utilize petroleum for the nations energy needs.

Petroleum Consumption Distribution  by Activity 2010
The pie chart below clearly highlights two facts:
  • Petroleum is the primary source of energy for all energy consuming activities in the country. 
  • Electricity generation consumes most of the petroleum requirements of the country. 

Jamaica's Electricity Production Energy Mix in 2008
The most important thing to note in the chart below of Jamaica's Electricity Energy Mix is that less than 10% of the nations electricity requirements is met by locally available renewable energy. Jamaica is as a result heavily exposed to the risk of fuel cost price volatility and is as a result energy insecure.



Resulting Foreign Exchange Trend
Given the charts above it can be concluded that less than 3% of all of the nations energy needs are met by local resources. It is obvious and a known fact that it would therefore be inevitable that the nation's Exchange Rate would be driven highers continuously as a result.


This is the reason behinds Jamaica's Shocking Electricity Trend. Given this it is a national imperative that the nation sees the energy crisis as national problem that all must contribute to in order to find the right solution and solar is inevitably a must to move the nation forward.

ColideZ

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High Energy Cost Factors












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