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3.7.1.2 Utilities and Independent Power Producers St. Vincent Electricity Services Limited (VINLEC) has the exclusive license to provide the public with electricity until 2033, per the 1973 Electricity Supply Act. This Act also stipulates that VINLEC must issue a license to any other parties that wish to generate, transmit, and distribute electricity, including for both IPP’s and self-generation (Posorski & Werner 2009, p. 78). Of the inhabited islands of the nation, only the private islands of Palm and Mustique have independent power production as part of their respective resorts (Loy 2007, p. 158). 3.7.2 Electricity Market VINLEC is owned by the government of St. Vincent and the Grenadines, and is the only provider of electricity generation, transmission, and distribution to the islands of St. Vincent, Bequia, Canouan, Union Island, and Mayreau. It operates as a corporation, with financial statements available for the period from 2003 to 2008 (VINLEC 2006). 3.7.3 Electricity Supply Table 20. St. Vincent and the Grenadines Electricity Market Summary Item Plants Diesel Hydro Capacity (MW) Diesel Hydro Peak Demand (MW) Total Electricity Generated (GWh) Total Electrical Sales (GWh) 24.8 Diesel plants at Cane Hall and Lowman’s Bay in St. Vincent; and islands of Bequia, Canouan, Union Island, and Mayreau. Hydro plants at South Rivers, Cumberland, and Richmond in St. Vincent. Last diesel expansion was 9 MW in 2006 and 8.4 MW in 201120 at Lowman’s Bay; Last hydro expansion was 3.7 MW at Cumberland 1988. Peak demand in St. Vincent. Nexant expects annual growth of 6.9% (to 94.4 MW) by 2028. Value Notes 9 6 3 68.82 63.52 5.2 139.1 16% of generation from hydro. Nexant expects 6.9% annual growth (to 554.9 GWh) by 2028. 122.9 Nexant expects 6.9% annual growth (to 510.3 GWh) by 2028. unknown unknown Unit Generation Cost (U.S. $ per kilowatt-hour) Values current for 2008. Sources: VINLEC 2008, pp. 45–46; Posorski & Werner 2009, pp. 77–78; Nexant 2010, pp. 5.8, 5.13, 6.12; capacity expansion: Government of St. Vincent and the Grenadines 2010, pp. 15, 21. Note: Market summary does not include contributions from distributed generation. 20 http://i-witness-news.com/2011/11/27/vinlec-officially-opens-lowman-bay-power-plant/ (Nov 2011) 88 Total Diesel Fuel Used (MM imp gal) Fuel Efficiency (kWh per U.S. gal) Unit Retail Price (U.S. $ per kilowatt-hour) Minimum residential rate, calculated from U.S. $0.157 per kilowatt-hour tariff, and fuel surcharge (November 2008) of U.S. $0.166 per kilowatt-hour. $0.3236 $0.3581 Calculated from U.S. $44 million in operating expenses.PDF Image | Energy Policy and Analysis Caribbean
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