How much does energy cost in Curacao?

Energy Snapshot Curacao This profile provides a snapshot of the energy landscape of Curacao, an autonomous member of the Kingdom of the Netherlands located of the coast of Venezuela. Curacao’s utility rates are approximately $0.26 per kilowatt-hour (kWh), below the Caribbean regional average of $0.33/kWh.

What is Curacao's energy policy?

In 2009, Curacao developed an energy policy document, which sets out general guidance and governing principles for further study of energy issues.4 It suggests the goal of reducing energy consumption by 40% by 2020 and encour- ages the investigation of combining wind power with storage to provide 100% of the island’s energy needs.

What projects is Aqualectra working on in Curacao?

Aqualectra, with six hundred fifteen employees working in nine departments, is a major player in Curacao. Several of the company’s long lasting projects involving green energy, smart meters, and electric cars are outlining, shaping, and potentially developing Curacao’s economy and future.

Who is Rémy garaude Verdier?

ERDF: Rémy Garaude Verdier, Smart Grids Project Manager within Electricité Réseau Distribution France (ERDF) Rémy Garaude Verdier is a civil engineer with an MBA from Lausanne IMD (Switzerland). He has worked in a variety of jobs during a 10-year career at EDF Group.

Does Curacao need electricity?

Like many island nations, Curacao is highly dependent on imported fossil fuels (more than 95% of the island’s electricity is generated using petroleum-based fuels), leaving it vulnerable to global oil price fluctuations that directly impact the cost of electricity.

Why does Curacao face energy security issues?

Curacao faces energy security issues not only due to its reliance on imported fuels but also because of the age of its generation infrastructure. Thirty megawatts (MW) of Aqualectra’s generation portfolio is beyond its expected service life and the surplus power from the RdK refinery is subject to frequent outages.