TLDR
The Bahamas’ electricity rates are among the highest in the Latin American/Caribbean region. This is primarily due to the exorbitant import cost of fossil fuels which accounted for roughly 10% of the national GDP in 2011, roughly a 1.2 billion dollar market. The unique nature of the Bahamian archipelago means the various power stations across each island operate in a silo, which replicates costs like facility maintenance of generation, transmission, and distribution systems. This fossil fuel-based infrastructure must be updated for the integration of renewable technology.via the TL;DR App
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