I was reading the following headlines;
Energy Consultant on net metering
Energy Consultant Winston Haye said the Jamaica Public Service Company (JPS) would suffer financial losses if the government decides to adopt the system of net metering.
Cabinet to discuss policy on net metering
Net metering allows customers of the light and power utility to produce electricity at their own facilities.
However this would be done with the understanding that if they produce excess power it can be sent to the national electricity grid and the customer is compensated.
Anthony Chen wants gov’t to introduce net metering
WORLD-renowned Jamaican atmospheric physicist and renewable energy expert, Professor Anthony Chen is calling on Government to mandate the Jamaica Public Service Company to introduce net metering locally.
Net metering should replace the current policy of net billing, Chen said, in order to encourage more perople to get engaged in the generation of solar electricity.
The error in the word people spelled as peorple is not on my side. It is actually spelled like this in the original article.
The math, basic math that is. Shows that from the 770,000 plus homes that if slightly less than half were to go fully solar via net metering using a below market price for an average solar system that it would translate to a total of 350,000 homes each with a 1000W – 1200W on the grid solar system and a cost of US$1.225 billion.
This would involve several moving parts meaning several homes subject to vandalism and parts breaking and also loosing efficiency over the years.
To put it into perspective at US$1.225 billion that would be more than enough for Jamaica to build a brand new 1200MW LNG power plant and JPS being able to sell the power back to the consumer at less than the current market rate. Continue reading