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Case Studies 4.3.2 Electricity Sector As seen in Figure 18, in 2005 the total installed capacity was 65.8 MW with a peak of 49.2 MW, which was 5.6% higher than in 2004. In 2007 a new generator was installed (Loy 2007), increasing installed capacity of 10.2 MW up to 76 MW in total. Demand increased about 3.3% from 2008 to 2009. In 2009, 362.99 million electricity units were generated, which was an increase of 3% as compared with 352.34 million in 2008. The system peak demand increased to 55.9 MW from 54.1 MW in 2008 (LUCELEC Annual Report (AR) 2010). Figure 18: LUCELEC Capacity and Peak Demand 2000-2009 Dt Dt Source: LUCELEC AR 2010 In 2001 after 9/11, there was a big set-back in electricity consumption because of the severe decrease of tourism (Loy & Farrell 2005). The electricity sales decreased about 2% but recovered in 2003. One year later, sales of the commercial sector even increased to 7.13%. Total Sales were 315 GW in 2009, 4.4% more than in 2008 with 301 GW. The peak in 2008, as seen in Figure 19, is due to the high oil prices. Total revenue in 2008 was 303 million ECD (111 million USD) and 239 million ECD (90.9 million USD) in 2009; a decrease of more than 20%, whereas net profit in 2008 was 24 million ECD (8.8 million USD) and 27.6 million ECD (10.5 million USD) in 2009. The annual average consumption between the years 2000 and 2009 was 2,064 kWh in the domestic sector, 27,593 kWh in the commercial sector and 141,218 kWh in the industrial sector (LUCELEC AR 2010). 49 DtPDF Image | CARIBBEAN RENEWABLE ENERGY DEVELOPMENT PROGRAMME
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