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Case Studies Figure 19: LUCELEC Sales 200-2009 / d Z Source: LUCELEC AR 2010 As in Barbados and in Grenada, electricity prices in St. Lucia are split into two parts – the base price and the fuel surcharge (LUCELEC 2010). Average electricity prices in 2007 were 0.26 USD/kWh (Loy 2007). Actual rates at time of research were 0.85 ECD/kWh, which are about 31 USD/kWh, very similar to the electricity prices in Grenada. 4.3.3 Renewable Energies As many other Caribbean islands, St. Lucia has a high potential in wind, geothermal and solar energy but only some small applications exist. There are plans of using wind energy to reduce fossil fuel usage and stabilize electricity costs for customers (Loy 2007). Since 2003, LUCELEC embarked on a project to develop a wind farm, but access to the land has been a major challenge. It is seen as a core activity in 2010 (LUCELEC AR 2010). In 2001 the government of St. Lucia established and approved a Sustainable Energy Action Plan (SEP). Targets for renewable energies in electricity generation were set at 5 MW (7%) until 2005 and 17 MW (20%) of installed electrical capacity until 2010. LUCELEC wanted to achieve the targets with a wind park of 12.6 MW. CREDP even advised the government to buy the whole region because it offers excellent conditions with a wind speed of 7 m/s and could be extended to a 40 MW wind park (Loy 2007). 50 t PDF Image | CARIBBEAN RENEWABLE ENERGY DEVELOPMENT PROGRAMME
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