Green transition ‘could push up’ electricity prices

Barbadians may have to pay more for electricity in the short term as the country transitions to renewable energy, Barbados Chamber of Commerce and Industry council member and former Barbados Light & Power chief executive Stephen Worme has warned.

Worme said additional investment would be required to accommodate increasing amounts of renewable energy, while existing conventional generating capacity would have to be maintained to ensure the stability and reliability of the electricity grid.

“There will definitely be a time where we are going to be requiring equipment to actually provide the renewable energy, but we need to maintain some of the existing equipment to make sure that the transition goes smoothly,” he said.