ENERGY POLICY ASSESMENT OF THE ENERGY SECTOR IN BELIZE

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ENERGY POLICY ASSESMENT OF THE ENERGY SECTOR IN BELIZE ( energy-policy-assesment-ofenergy-sector-in-belize )

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2. ENERGY SECTOR 2.1 THE ENERGY SECTOR IN BELIZE 2.1.1 General Belize boasts a small economy with tourism as the main source of foreign exchange. The last decade witnessed steady economic growth and increasing population rates, albeit slow industrialization. With regard to energy, Belize is faced with the challenge of high energy costs and fossil fuel dependence, high energy imports, increasing environmental impacts, inadequate energy policies, antiquated infrastructure and technologies, outdated production approaches, scarce qualified workforce and inadequate energy data. The energy sector is one of the major sources of government revenue (e.g., fuel taxes, license fees and royalties). Roughly 75% of total energy demand is supplied through foreign sources. According to the Public Utilities Commission (PUC), in 2009 Belize’s primary energy sources comprised 66% fossil fuel (imported), 26% biomass (traditional biomass and bagasse), 5% Electricity (imported), and 3% Hydro, as shown in Figure 1. Wind and solar energy represent a negligible 0.03% of all primary energy sources. These percentages have not changed significantly over the last 10 years. Fossil fuels are imported by two companies: Esso Standard Oil S.A. Limited, the only private company in Belize authorized to import fuel, and Belize Electricity Limited (BEL), which also imports diesel fuel from Mexico. Figure 1 – Primary Energy Sources in Belize in 2009 Final use of the primary energy sources in Figure 1 is shown by sector in Figure 2, below. 3% 5% 0.03% 26% Fossil Fuel Biomass Hydro Electricity Imported Solar & Wind Primary Energy Sources (%) 66% Figure 2 – Final energy use n Belize in 2009 5

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