Electricity is very expensive in the Caribbean region, with the exceptions of Trinidad and Tobago and Suriname, which are oil producers. The other Caribbean countries range from the mid 20 U.S. cents per kwh to the high 40 cents range.
The average cost for the region is 33 cents per kwh, excluding Trinidad and Tobago and Suriname, which are less than 5 cents. In comparison, the average electricity rate for the U.S. is 12 cents. The generally high cost of electricity in the Caribbean undermines business competitiveness, slows economic growth, and contributes to a high cost of living.