Page 3 - CARILEC Tariff Report Dec 2023

EXECUTIVE SUMMARY

The Caribbean Electricity Tariff Results for December 2023, published by the CARILEC Secretariat, sets out the disaggregated typical
electricity bills in United States Dollars for the main classes of consumers, and other pertinent data for 25 (twenty-five) CARILEC

utility members that have participated in the survey.

The typical electricity bills are indicative of the electricity tariffs across the key classes of electricity consumers in the wider Caribbean
region. The service classifications (residential, commercial, industrial, and other) of Caribbean electricity consumers are determined by
each utility and are based on various criteria such as: the demand levels, distribution voltage levels, rate schedules, accounting methods,
end-use applications, and other social and economic characteristics. The tariff structure/components (the number and nature of the
charges applicable to customers) for each class of service differ somewhat across island states. For unit amounts, we consider the
average values, already applying the applicable exemptions/ reductions for the specific customer group and amount of monthly
consumption. Thus, the unit amounts indicated in the tariff survey may differ from those stated on actual customer bills.

With the aim to show trends and developments of energy sales and demand per customer group, the last section of the report includes
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a comparison of these data with previous survey results. CARILEC would like to mention that tariff results may include direct or
indirect subsidization of customer tariffs, where applicable. In addition, relevant technical and operational data is assessed and
visualized, such as the use of primary energy sources, installed capacities, system`s peak demand, monthly energy demand and sales,
customer composition, number of full-time employees (FTE), RE capacities, remuneration and respective support schemes.

Amid some significant and wide-ranging challenges, Caribbean electric utilities have been exploring and implementing strategies to
enable the fulfilment of their responsibility to provide electricity to the Caribbean people in a safe, sustainable, reliable and cost-effective
manner.

1 Only for available utility data.

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