Selected Issues Papers

The Implications of the Electricity Sector Reform in The Bahamas: Bahamas

By Beatriz Garcia-Nunes, Shane R Lowe, Jose Saboin

April 11, 2025

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Beatriz Garcia-Nunes, Shane R Lowe, and Jose Saboin. "The Implications of the Electricity Sector Reform in The Bahamas: Bahamas", Selected Issues Papers 2025, 031 (2025), accessed April 15, 2025, https://doi.org/10.5089/9798229008433.018

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Summary

Low efficiency and reliability in the energy sector, paired with high costs, dampens competitiveness and holds up growth in The Bahamas. This chapter takes stock of the country’s electricity sector and examines the potential macroeconomic impact of the government’s proposed electricity sector reform that seeks to increase renewable energy and modernize transmission and distribution infrastructure. Over the medium-term, the reform has the potential to narrow the current account deficit, reduce vulnerability to commodity price shocks, boost growth, and significantly reduce CO2 emissions. However, such power projects should have a clear delineation of risk sharing between the private and public sector.

Subject: Balance of payments, Commodities, Current account deficits, Economic sectors, Electricity, Energy sector, Environment, Greenhouse gas emissions, Infrastructure, National accounts, Public sector, Renewable energy

Keywords: Current account deficits, Economic Growth, Electricity, Energy and Growth, Energy sector, Greenhouse gas emissions, Imports, Infrastructure, Public sector, Purchasing power parity, Renewable energy, The Bahamas

Publication Details

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