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FOSSIL FUEL TAXATION IN SEYCHELLES
Mamy Razanajatovo
Principal Officer for Energy Policy and Planning
Seychelles Energy Commission
Email: [email protected]
UNOSD Capacity Development Workshop on Taxation Policy for Fossil Fuel and Renewable Energy for IO and African SIDS, Mauritius 12-16 May 2014
1. GENERAL DATA Population: 88,311 (Census of Aug.2010)
Total Land Area: 456 km2
Maritime EEZ: Over 1 million km2
GDP (at current prices for 2010) Million SCR 11,621 Million US$ 915
Per capita GDP: US$ 10,193
• Number of households: 22,100 Average Size of Household: 4 persons/household
Consuls Conference at Ephélia Resort, 25th October 2011 Seychelles Energy Commission
2
UNOSD Capacity Development Workshop on Taxation Policy for Fossil Fuel and Renewable Energy for IO and African SIDS, Mauritius 12-16 May 2014
ENERGY BALANCE FOR 2010
ENERGY SUPPLY
Primary Energy Supply= Production + Imports
- Exports
- International Marine Bunkers
± Stock Changes
= 167 000 TOE in 2010
LPG3%
Mo-tor
Gasoline 9%
Jet A-1 Kerosene30%
Gas/Diesel Oil 29%
Fuel Oil 29%
Structure of Primary Energy Supply in 2010
Seychelles Energy Commission 4
PRIMARY ENERGY DEMAND (BY SECTOR)
Seychelles Energy Commission5
Electricity Generation (PUC)37%
Autoproducers of electricity
10%
Industry (Food&Beverg)2%
Road Transports18%
International Aviation27%
Domestic Aviation1%
Domestic Navigation1%
Residential2%
Commerce (Hotels & Businesses)1%
ENERGY DEMAND FINAL ENERGY
CONSUMPTION = 121,825 TOE IN 2010
Seychelles Energy Commission 6
LPG4%
Motor Gaso-line 12%
Jet A-1 Kerosene
41%
Gas Oil 15%
Fuel Oil 3%
Elec-tricity24%
Structure of FEC by energy form in 2010
Transport68%Ser-
vices11%
In-dustry
11%
Domestic9%
Agriculture1%
Final Energy Consumption by Sector in 2010
ENERGY POLICY
Seychelles Energy Commission7
Main Goal: To Develop a Sustainable Energy sector
Objectives: To Reduce Dependence on Oil
(Seychelles is presently 100% dependent on oil)
To Increase Energy Efficiency (Reduce energy losses and wastages in all sectors)
To Increase the share of Renewable Energy in the energy supply mix
TARGETS FOR RENEWABLE ENERGY (RE)
Seychelles Energy Commission8
5% of RE by 2020 in the Final Energy
15% of RE by 2030 in the Final Energy
100% of RE in the long-term in the Final Energy
INCENTIVES FOR PROMOTING RE
Seychelles Energy Commission9
Power Purchase Agreement
Feed-in tariffs for different RE sources
Fiscal incentives on imports of RE equipment (Exemption of GST: GST Amendment No.3, Regulations, 2010: 163F. )
INSTRUMENTS IN PREPARATION
Seychelles Energy Commission10
Model Power Purchase Agreement to be studied/prepared
Feed-In Tariffs for Solar PV and others to be studied/ prepared
Grid absorption capacity to be studied
The Energy Commission in preparation phase
GREENHOUSE GAS EMISSIONS FROM THE ENERGY SECTOR IN 2000 (IN METRIC TONNE)
Increased from 185,000 to 233,000 tonnes from 1995 to 2000
An increase of 26% 1 key sector for abating GHG in Seychelles is: Electricity
Generation
Consuls Conference at Ephélia Resort, 25th October 2011 Seychelles Energy Commission 11
1995 20000
50000
100000
150000
200000
250000
OthersRoad TransportElec Gen
UNOSD Capacity Development Workshop on Taxation Policy for Fossil Fuel and Renewable Energy for IO and African SIDS, Mauritius 12-16 May 2014
WIND FARM – 6 MW
UNOSD Capacity Development Workshop on Taxation Policy for Fossil Fuel and Renewable Energy for IO and African SIDS, Mauritius 12-16 May 2014
1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
0
2
4
6
8
10
12
14
16
18
12.37 11.9610.91 10.39
11.1812.37
11.25 11.8110.5 10.5 10.5 10
98 8.03 8.03
4.133.99
2.94 4.523.73
4.13
3.753.94
2 2 2
0.33
0.33
0.44 0.3 0.3
Retail Price of L.P.G
Retail Price Without Tax Tax
Year
SR
/Kg
UNOSD Capacity Development Workshop on Taxation Policy for Fossil Fuel and Renewable Energy for IO and African SIDS, Mauritius 12-16 May 2014
1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
0
1
2
3
4
5
6
1.83 1.83 1.83 1.83 1.83 1.83 1.83 1.83 1.83 1.83 1.83 1.83 1.83 1.83 1.83 1.83
2.11 2.24 2.24 2.44 2.44 2.44 2.44 2.44 2.44 2.44 2.44 2.44 2.44 2.44 2.44
3.17
Retail Price of Gasoil
Retail Price Without Tax Tax
Year
SR
/l
UNOSD Capacity Development Workshop on Taxation Policy for Fossil Fuel and Renewable Energy for IO and African SIDS, Mauritius 12-16 May 2014
1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
0
1
2
3
4
5
6
7
8
2.08 2.08 2.08 2.08 2.08 2.08
3.35 3.35 3.35 3.35 3.35 3.35 3.35 3.35 3.35 3.35
2.79 2.89 2.89 3.13 3.13 3.13
3.16 3.16 3.16 3.16 3.16 3.16 3.16 3.16 3.163.65
Retail Price of Gasoline
Retail Price Without Tax Tax
Year
SR
/l
UNOSD Capacity Development Workshop on Taxation Policy for Fossil Fuel and Renewable Energy for IO and African SIDS, Mauritius 12-16 May 2014
1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
0
1
2
3
4
5
6
1.82 1.82 1.82 1.82 1.82 1.82 1.82 1.91 1.91 1.91 1.91 1.91 1.91 1.91 1.91 1.91
0.18 0.28 0.28 0.38 0.38 0.38 0.38 0.29 0.29 0.29 0.29 0.29 0.29 0.29 0.29
3.09
Retail Price of Kerosene
Retail Price Without Tax Tax
Year
SR
/litr
e
UNOSD Capacity Development Workshop on Taxation Policy for Fossil Fuel and Renewable Energy for IO and African SIDS, Mauritius 12-16 May 2014
Gasoline Gasoil Kerosene HFO0
5
10
15
20
25
30
35
Retail Price Structure for Petroleum Fuels in 2014
TaxPrice Excl tax
SR/L
THANK YOU
Contact: Seychelles Energy Commission
Unity House, Block B, 3rd Floor, Room 307-308
Victoria, Mahé, Seychelles
Email: [email protected]
Tel: +248. 4610822
Seychelles Energy Commission18
