Caribbean Development Bank (CDB) President Dr. Gene Leon has said what the people of the region have been saying for years…that they are paying far too high a price for electricity.
At a recent Energy Forum in the Turks and Caicos Islands the CDB President said that the cost of electricity in the Carib-bean was approximately US$0.28 per kilowatt in 2019, placing it among the highest in the world.
What the CDB President has said will resonate particularly in some countries in the region, notably Guyana, where, high electricity costs apart, the country has been plagued for decades with woefully unreliable electricity supply, a circumstance which has, despite various external interventions, significantly altered the lives of ordinary consumers to say nothing of its impact on the country’s wider economy, particularly the manufacturing sector.
