Five Caribbean Countries Among Highest For Electricity Prices In The US

ST JAMES, Jamaica – Minister of Science, Technology, Energy and Mining Phillip Paulwell said Friday that Caribbean countries account for half of the top 10 most expensive retail electricity prices in the Latin American and Caribbean (LAC) region. He noted that this was the findings of Climatescope 2013, a study conducted by the IADB's Multilateral Investment Fund and Bloomberg on the cost of retail electricity to end users in the LAC region. 1/1 "This represents a clear challenge to growth and development of the region," Paulwell argued. He was speaking at the opening ceremony of the second meeting of Energy Ministers of the Community of Latin American and Caribbean States (CELAC) held at the Montego Bay Convention Centre, Rose Hall, St James. Paulwell expressed optimism that by Friday evening there would be the signing of an agreement reflecting the intent of the Montego Bay Declaration on Regional Energy Security and Integration. "This declaration is an important milestone for this group, as it will signify a strengthening of the dialogue, collaboration and unity of the region in tackling our most critical of issues," he said.