Does Trinidad and Tobago have fossil fuel resources?

Trinidad and Tobago has abundant local fossil fuel resources, but is taking steps to prepare the societal, legal, regulatory, and economic foundations necessary to support renewable energy and energy efficiency technologies.

Who owns the energy in Trinidad & Tobago?

In 1994, it divested from its generation holdings on the larger island of Trinidad and now purchases energy from three Independent Power Producers (IPPs): the Power Generation Company of Trinidad and Tobago, which purchased the former T&TEC-operated plants and presently controls 1,386 megawatts (MW) of gas-fired capacity across

Does Trinidad & Tobago need energy subsidies?

Unlike many island nations, Trinidad and Tobago has significant oil and natural gas reserves and is a net exporter of these fuels. However, subsidies for domestic energy consumption have created a fiscal burden on the government that could be reduced through the expansion of alternative transportation fuels, energy eficiency, and renewable energy.

How much does electricity cost in Trinidad & Tobago?

Trinidad and Tobago’s electricity rates are some of the lowest in the Caribbean at approximately $0.04 per kilowatt-hour (kWh), well below the regional average of $0.33/kWh. Unlike many island nations, Trinidad and Tobago has significant oil and natural gas reserves and is a net exporter of these fuels.

Is biomass a source of electricity in Trinidad & Tobago?

Traditional biomass – the burning of charcoal, crop waste, and other organic matter – is not included. This can be an important source in lower-income settings. Trinidad and Tobago: How much of the country’s electricity comes from nuclear power? Nuclear power – alongside renewables – is a low-carbon source of electricity.