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The consequences of increase in electricity rates

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By DR VALMIKI ARJOON For decades, we en­joyed lower electric­ity prices relative to many. While our aver­age residential price for 2022 was approximately US$0.05 per kWh, our Ca­ribbean counterparts such as Jamaica, Belize and the Bahamas, incurred prices per kWh of approximate­ly US$0.30, US$0.19, and US$0.21 respectively. The lowest of these is 280% more than…

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