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3.4.1 Energy Sector Outlook 3.4.1.1 Energy Stakeholders 3.4.1.1.1 Government Agencies The Division of Energy and Sustainable Development is in charge of drafting Grenada’s NEP (Burke 2009). The Ministry of Finance, Economic Development, Energy and Foreign Trade has responsibility for implementing energy policy, and is the designated national authority for the Kyoto Protocol (Posorski & Werner 2009, pp. 67–68). The Ministry of Works is responsible for enforcement of building codes and provides engineering support to government and statutory bodies (Government of Grenada 2010). 3.4.1.1.2 Utilities and Independent Power Producers Grenada Electricity Services Limited has the exclusive license to generate, transmit, distribute, and sell electricity in Grenada until 2073 (Posorski & Werner 2009, p. 67). Independent power providers are allowed by sublicense from the utility, which also allows self-generation with net-metering of up to 10 kW (Loy 2007, p. 136). 3.4.2 Electricity Market 3.4.2.1 Utilities GRENLEC is publicly traded, with 50% of shares held by United States–based WRB Enterprises, 21% by the Government and the National Insurance Scheme of Grenada, 4.5% by employees, and 16.5% by Grenadian and Caribbean nationals (GRENLEC 2010). 3.4.3 Electricity Supply Table 10. Grenada Electricity Market Summary Item Value Notes Plants Capacity (MW) 50.9 Peak Demand (MW) Total Electricity Generated (GWh) Total Electrical Sales (GWh) 189 Total Diesel Fuel Used (MM imp. gal) Fuel Efficiency (kWh per U.S. gal) Unit Retail Price (U.S. $ per kWh) Values current for 2008. Sources: Posorski & Werner 2009; Nexant Note: Market capacity does not include contributions from distributed generation. 3 All diesel generators 48.5 MW in Queen’s Park, Grenada; 1.92 MW in Carriacou, 480 kW in Petite Martinique 0.5 MW on Carriacou (Loy & Farrell 2005, p. 22); GRENLEC expects national annual growth of 4.1%; Nexant expects annual growth of 5.4% (to 84 MW) by 2028 Experienced 7% annual growth since 2003; Nexant expects 5.3% annual growth (to 530 GWh) by 2028 Calculated from 80.91% of diesel consumption by electricity sector, out of 11 million imp gal total (Lambrides 2009, p. 5) Increased from 13.5% in 2000, and stable since 2005 (GRENLEC 2009, p. 23) Calculated from 0.22 € per kilowatt-hour at end of 2008 (Posorski & Werner 2009), and average annual exchange rate of U.S. $1.47 per € for 2008 (OANDA 2010) 29.8 197 8.9 16.27 0.3234 2010; GRENLEC 2010. 53PDF Image | Energy Policy and Analysis Caribbean
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