London Daily

Focus on the big picture.
Thursday, Sep 11, 2025

What’s the BVI’s electricity cost compared to the region and world?

What’s the BVI’s electricity cost compared to the region and world?

A study by the United Kingdom firm, Cable.co.uk, has ranked the British Virgin Islands as having the twelfth cheapest cost of electricity in the Caribbean.

The countries which have cheaper electricity than the BVI are Puerto Rico, oil producers Trinidad & Tobago, St Pierre and Miquelon, Guadeloupe, Cayman Islands, St Martin, St Barthélemy, Caribbean Netherlands, Martinique, Aruba, and St Vincent and the Grenadines; in that order.

Despite its ranking from a list of 29 Caribbean nations, the BVI’s global rank is 175 out of the 230 countries analysed in the study.

The sample analysed from the BVI shows that the average cost of electricity is $0.225 per kilowatt-hour (kWh). The territory’s lowest cost is $0.1675 per kWh and its highest is $0.24 per kWh.

The territory’s average cost for power is 32 times higher than Libya, whose cost of electricity is the cheapest in the world with an average of $0.007 being charged per kWh. The Solomon Islands is the most expensive with an average cost of $0.692 per kWh.

The study highlighted that the Caribbean countries are among the highest payers of electricity across the world.

“Most Caribbean nations are in the more expensive half of the study results. Curaçao is the most expensive in the Caribbean with an average of $0.419, while an average of one kWh in Puerto Rico is eight times cheaper at USD 0.049. The Caribbean consists of island nations where electricity generation tends to be more difficult,” the researchers found.

Power generally expensive in small-island nations


The study further noted the countries in which electricity cost is expensive tend to be small-island nations where electricity is harder to generate and/or there are no large-scale power stations.

“Conversely, the cheapest places in the world to buy electricity tend to be countries where either oil and gas prices are very cheap (countries which produce fossil fuels on a large scale), or where household electricity usage is very small and therefore tends not to require a lot of expensive infrastructures,” it added.

Researchers from the UK firm spent more than six months analysing data from 3,883 energy taxes across 230 countries worldwide.

What the BVIEC says


Meanwhile, in an interview with the General Manager of the BVI Electricity Board (BVIEC) Leroy Abrahams recently, he revealed the global fluctuation of oil production and cost has impacted the cost of electricity in the territory.

This came in light of complaints made by residents that they have seen an increase in their electricity bill over the last several months.

The General Manager also said the cost for the corresponding fuel needed to produce electricity has been rising steadily in the United States and it has been reported that fuel costs are the highest in almost a decade.

Abrahams had noted fixed electricity rate charges have not changed in the British Virgin Islands for approximately 40 years. He said the only element which fluctuates on a monthly basis with respect to rates on a customer’s bill is the “fuel variation surcharge” which is reflective of the market value of fuels.

Newsletter

Related Articles

0:00
0:00
Close
ChatGPT CEO signals policy to alert authorities over suicidal youth after teen’s death
The British legal mafia hit back: Banksy mural of judge beating protester is scrubbed from London court
Surpassing Musk: Larry Ellison becomes the richest man in the world
Embarrassment for Starmer: He fired the ambassador photographed on Epstein’s 'pedophile island'
Manhunt after 'skilled sniper' shot Charlie Kirk. Footage: Suspect running on rooftop during panic
Effective Protest Results: Nepal’s Prime Minister Resigns as Youth-Led Unrest Shakes the Nation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
King Charles and Prince Harry Share First In-Person Moment in 19 Months
Starmer Establishes Economic ‘Budget Board’ to Centralise Policy and Rebuild Business Trust
France Erupts in Mass ‘Block Everything’ Protests on New PM’s First Day
Poland Shoots Down Russian Drones in Airspace Violation During Ukraine Attack
Brazilian police say ex-President Bolsonaro had planned to flee to Argentina seeking asylum
Trinidad Leader Applauds U.S. Naval Strike and Advocates Forceful Action Against Traffickers
Kim Jong Un Oversees Final Test of New High-Thrust Solid-Fuel Rocket Engine
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Macron Appoints Sébastien Lecornu as Prime Minister Amid Budget Crisis and Political Turmoil
Supreme Court temporarily allows Trump to pause billions in foreign aid
Charlie Sheen says his father, Martin Sheen, turned him in to the police: 'The greatest betrayal possible'
Vatican hosts first Catholic LGBTQ pilgrimage
Apple Unveils iPhone 17 Series, iPhone Air, Apple Watch 11 and More at 'Awe Dropping' Event
Pig Heads Left Outside Multiple Paris Mosques in Outrage-Inducing Acts
Nvidia’s ‘Wow’ Factor Is Fading. The AI chip giant used to beat Wall Street expectations for earnings by a substantial margin. That trajectory is coming down to earth.
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
On the Anniversary of Queen Elizabeth’s Death: Prince Harry Returns to Britain
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Murdoch Family Finalises $3.3 Billion Succession Pact, Ensuring Eldest Son’s Leadership
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Court Staff Cover Up Banksy Image of Judge Beating a Protester
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
Elon Musk Poised to Become First Trillionaire Under Ambitious Tesla Pay Plan
France, at an Impasse, Heads Toward Another Government Collapse
Burning the Minister’s House Helped Protesters to Win Justice: Prabowo Fires Finance Minister in Wake of Indonesia Protests
Brazil Braces for Fallout from Bolsonaro Trial by corrupted judge
The Country That Got Too Rich? Public Spending Dominates Norway Election
Nearly 40 Years Later: Nike Changes the Legendary Slogan Just Do It
Generations Born After 1939 Unlikely to Reach Age One Hundred, New Study Finds
End to a four-year manhunt in New Zealand: the father who abducted his children to the forests was killed, the three siblings were found
Germany Suspends Debt Rules, Funnels €500 Billion Toward Military and Proxy War Strategy
EU Prepares for War
BMW Eyes Growth in China with New All‑Electric Neue Klasse Lineup
Trump Threatens Retaliatory Tariffs After EU Imposes €2.95 Billion Fine on Google
Tesla Board Proposes Unprecedented One-Trillion-Dollar Performance Package for Elon Musk
US Justice Department Launches Criminal Mortgage-Fraud Probe into Federal Reserve Governor Lisa Cook
Escalating Drug Trafficking and Violence in Latin America: A Growing Crisis
US and Taiwanese Defence Officials Held Secret Talks in Alaska
Report: Secret SEAL Team 6 Mission in North Korea Ordered by Trump in 2019 Ended in Failure
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Florida Murder Case: The Adelson Family, the Killing of Dan Markel, and the Trial of Donna Adelson
×