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(Wilson 2009, p. 27), or even as much as 8% (NEPC 2008, p. 1). The service sector dominates the economy, contributing 90% of the GDP (Wilson 2009, p. 27). The hospitality and tourism industries are expected to contribute the most to future electrical demand (NEPC 2008, p. 1). Figure 9 shows the electricicty consumption over the last 30 years. Figure 9. Consumption and generation of electricity on the Bahamas ! 3.2.2 Energy Efficiency The Bahamas experienced system losses of 12.3% in 2008 (Wilson 2009, pp. 139–140). Waste of fossil fuels—via leaks and lack of inventory controls—is a particular concern for the Bahamas. The NEP calls for monitoring fossil fuel losses as a short-term goal (NEPC 2008, p. 9). Aside from a campaign to decrease use of incandescent lights, no demand-management efforts or promotions currently exist in the Bahamas. The First Report of the NEPC expresses concern that no energy efficiency assessment has been made and that, in general, no energy efficiency standards exist (NEPC 2008, p. 10). 3.2.3 Building Codes The NEP discusses the introduction of energy-efficient building standards in the medium term. It calls for energy-efficient space cooling, water heating, lighting, windows, and equipment standards for public buildings (NEPC 2008, p. 15). 3.2.4 Energy Supply Outlook 3.2.4.1 Fossil Fuels The Bahamas participates in PetroCaribe (Wilson 2009, p. 142). The Bahamas was not included in the World Bank Report, which assesses the least-cost fuel combination projected to provide a country’s future energy supply. 3.2.4.2 Renewable Energy No notable renewable energy capacity currently exists in the Bahamas. The Bahamas Electric Company considered bids for 13 candidate RE projects in 2009, and GBP has explored both wind and biomass resources (Wilson 2009, p. 31). 30PDF Image | Energy Policy and Analysis Caribbean
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