Around $24 million is lost each year at the Bahamas Electricity Corporation, to technical and non-technical bleeding that includes everything from inadequate systems to power theft by customers, Guardian Business has learned.<\/p>\n
In its 2010-2014 Country Strategy for The Bahamas report, the Inter-American Development Bank (IDB) wanted to reduce the combined level of technical and non-technical losses to 20 percent from 25 per cent by 2014.\u00a0 It’s now a goal the government has already achieved, with an apparent 14 percent reduction made over the last three years.<\/p>\n
Moss says out of that 11 percent of total power lost that was generated by the company, 8 percent – or $17 million – has been calculated for technical losses, which is the customary unavoidable loss of electricity companies stemming from power transmission on the grid.\u00a0 The other 3 percent is the controllable element under the non-technical losses category that also includes meter tampering, electricity theft and inaccurate billing from improper account setups.<\/p>\n
That category itself makes up about $7 million in losses at BEC.<\/p>\n","protected":false},"excerpt":{"rendered":"
Around $24 million is lost each year at the Bahamas Electricity Corporation, to technical and non-technical bleeding that includes everything from inadequate systems to power theft by customers.<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[90,93,31,40],"class_list":["post-5895","post","type-post","status-publish","format-standard","hentry","category-business","tag-bec","tag-corruption","tag-crime","tag-government"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/5895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=5895"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/5895\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=5895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=5895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=5895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}