an understanding of the extent to which the Turks and Caicos Islands has planned for the integration of renewable energy. In fact, the public should be assured that a well-de-veloped plan is in place to achieve this goal. This plan is the R-NETs, which was jointly developed by the TCI govern-ment (TCIG), FortisTCI and Rocky Mountain Institute, an
developments in renewable energy in a country. The IRENA statistics team would welcome comments and feedback on its structure and content, which can be sent to statistics@irena . RENEWABLE RESOURCE POTENTIAL Biomass potential: net primary production IRENA Headquarters Masdar City P.O. Box 236, Abu Dhabi United Arab Emirates
renewable energy in different countries and areas. The IRENA statistics team would welcome comments and feedback on its structure and content, which can be sent to statistics@irena . Last updated on: 8th August, 2023
The new Renewable Energy and Resource Planning Bill 2023 encompasses a wide range of objectives, all designed to contribute to a brighter future for the Turks and Caicos Islands: Transition to Clean Energy Sources: The Legislation aims to achieve a substantial reduction in the reliance on fossil fuels by increasing the share of renewable energy
renewable energy in different countries and areas. The IRENA statistics team would welcome comments and feedback on its structure and content, which can be sent to statistics@irena . Last updated on: 31 July, 2024
Turks and Caicos has few policies related to energy eficiency and renewable energy. Historically, the territory has not implemented policy mechanisms to aid in the development of clean and energy-eficient technologies.
Once wave and ocean thermal technologies are proven in the marketplace, ocean energy and ocean thermal energy conver- sion have potential as well. Abundant wind and solar resources, as well as the potential for other renewable sources could help Turks and Caicos meet or exceed its peak demand of 34.7 MW.
Turks & Caicos Utility Limited (TCU) is wholly owned by FortisTCI and provides electricity to Grand Turk and Salt Cay. In 2010, the government of Turks and Caicos contracted with a consultant to draft recommendations for exploring the use of renewable energy and energy eficiency technologies to create a more sustainable energy framework.
The 2015 electricity rates in Turks and Caicos are $0.29 per kilowatt-hour (kWh), slightly below the Caribbean regional average of $0.33/kWh. Like many island nations, Turks and Caicos is almost 100% reliant on imported fossil fuel, leaving it vulnerable to global oil price fluctuations that have a direct impact on the cost of electricity.
The government-owned Turks and Caicos electric grid was privatized in 2006 through a series of acquisitions to create a vertically integrated structure. FortisTCI, a wholly owned subsidiary for Fortis Inc., is an international utility holding company that owns and operates generating stations and dis- tribution lines across the islands.
Four main entities are responsible for governing the elec- tricity sector in Turks and Caicos. The governor grants and revokes licenses, regulates the level and structure of tariffs that electric companies can charge for various customer groups, and approves changes to these regulations.
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