The rising cost of fuel because of the Russian invasion of Ukraine has prompted the local power company, Lucelec, to warn customers of rising electricity bills.
The local pricing structure of electricity allows Lucelec to pass on the rising cost of fuel, used in the generation of electricity, to the customer. In other words, Lucelec’s customers are not shielded from the rising cost of fuel on the international market.
The rising fuel prices have strengthened calls in some quarters for Lucelec to transition into renewable energy as a replacement to fossil fuel, in Lucelec’s case diesel. While there is a need to transition to renewable sources of energy to reduce Saint Lucia’s carbon footprint, the power company’s renewable energy initiatives to date have had little impact on the price of generating electricity.
In 2018, Lucelec opened a 3MW solar farm in La Tourney,…
Fuel Savings From Solar Energy Too Little to Offset Rising Fuel Cost
