Trinidad and Tobago is a small, energy-based, developing economy of the Caribbean. Using the most recent available data (2007) the energy sector in this country accounts for approximately 87 percent of exports, 48 percent of government revenue and 43 percent of gross domestic product....

Barbados spends approximately seven percent of annual gross domestic product (GDP) on imported fuel, a significant amount in a foreign exchange constrained economy. In addition to the foreign exchange burden of imported fuel, the relatively high cost of electricity is a major constraint...