The Public Utilities Regulatory Commission (PURC) has introduced two changes to the electricity billing structure (tariff):
- Renewable Energy Charge: Reflects the cost of electricity generated from renewable energy sources. This charge was implemented 1 October 2023.
- Fuel Adjustment Clause: Eliminates under or over-recovery of fuel costs by Grenlec by passing on the actual cost of fuel that Grenlec pays for fuel to its customers more promptly. The Fuel Adjustment Clause (FAC) was implemented on 1 November 2023.