Proposes a transition from using fuel oil and diesel to Liquified Natural Gas (LNG). Their plan sees modest reductions in energy demand due to energy efficiency and a small increase in the amount of solar energy generation.
Our calculations suggest that electricity prices will be almost identical between this plan and the Better Energy Plan. Costs for this plan could go up if the price of LNG increases, where as the price of renewable energy is stable. Carbon dioxide emissions could also be significantly higher in this plan, and it may preclude the future use of renewable energy.
We recognise that BELCO will continue to play a central role in providing Bermuda's electricity. We hope our plan encourages BELCO to consider the great potential for affordable clean energy combined with LPG. This can provide Bermuda with a flexible and resilient energy supply, avoiding the need to commit heavily to LNG.