How much does electricity cost in Maldives?

Methodological notes Maldives, September 2023: The price of electricity for households is MVR 0.000 per kWh or USD per kWh. This includes all components of the electricity bill such as the cost of power, distribution and taxes.

Why solar PV with storage in Maldives?

Solar PV with storage has proven suitable and competitive for Maldives' high penetration of renewable energy (POISED type B projects), with an average fuel savings of 25%. The concept design of hybrid systems (efficient diesel generators + solar PV plants + energy storage) has resulted in success for Maldives.

What is the potential for the production of electricity in Maldives?

The potential for producing electricity in Maldives lies primarily in ocean energy. This includes marine current energy, wave energy, and ocean thermal energy conversion (OTEC). Further feasibility studies are needed to determine the real potential and the best technological pathways and costs of these options.

What is the most important energy conversion in Maldives?

In Maldives the most significant energy conversion is from diesel energy to electricity. Nearly 100% of all electricity produced in Maldives in from diesel based systems. The generation and distribution of the electrical systems are decentralized with each separate island operating a self-sustaining diesel power generation and distribution system

What is the main energy supply in Maldives?

These are calculated based on 2011 data for all the countries except for obtaining the SIDS average where 2009 figures are used. The main primary energy supply in Maldives is still dependent on imported fossil fuel (99.9%). Bulk of this imported fuel is diesel and the main energy used for production of electricity and transport.

How much solar energy does the Maldives receive?

Maldives, located in the Equator, receives abundant solar energy. Specifically, it receives about 400 Million MW of solar energy per annum.