Eversure energy systems Trinidad and Tobago

What is the energy policy of Trinidad and Tobago?

The Government of Trinidad and Tobago is currently developing a national energy policy green paper that recognises renewable energy’s (RE) combined with energy efficiency (EE) and utilisation of compressed natural gas in the transportation sector, inter-alia, as important strategies for the promotion of sustainable development of the nation.

How much does electricity cost in Trinidad & Tobago?

Trinidad and Tobago’s electricity rates are some of the lowest in the Caribbean at approximately $0.04 per kilowatt-hour (kWh), well below the regional average of $0.33/kWh. Unlike many island nations, Trinidad and Tobago has significant oil and natural gas reserves and is a net exporter of these fuels.

Is biomass a source of electricity in Trinidad & Tobago?

Traditional biomass – the burning of charcoal, crop waste, and other organic matter – is not included. This can be an important source in lower-income settings. Trinidad and Tobago: How much of the country’s electricity comes from nuclear power? Nuclear power – alongside renewables – is a low-carbon source of electricity.

How does Trinidad and Tobago's energy sector affect economic growth?

The performance of Trinidad and Tobago’s energy sector has far-reaching implications for the country’s macroeconomic indicators and fundamentals such as fiscal stability, export earnings, foreign exchange reserves and overall economic growth.

Does Trinidad & Tobago need energy subsidies?

Unlike many island nations, Trinidad and Tobago has significant oil and natural gas reserves and is a net exporter of these fuels. However, subsidies for domestic energy consumption have created a fiscal burden on the government that could be reduced through the expansion of alternative transportation fuels, energy eficiency, and renewable energy.