Non-Fuel Charge Effective 9 September 2022
Domestic Customer
per kWh or unit
Commercial Customer
per kWh or unit
Industrial Customer
per kWh or unit
Street Lighting
per kWh or unit
Fuel
Charge
Effective 09 April 2024
Renewable Energy Charge
Effective 09 April 2024
(All Customers)
per kWh or unit Adjusted Monthly
Portion of energy supplied from diesel – 98.92%
(All Customers)
per kWh or unit Adjusted Monthly
Portion of energy supplied from renewable energy – 1.08%
Grenlec supplies energy to all customers from two sources. One portion is supplied by the traditional diesel engines (billed as the fuel charge) and the remaining portion is supplied by renewable energy sources (billed as the RE charge). The rates (charges) are calculated based on the percentage of energy generated from these two sources. The rates are then multiplied by each customer’s energy usage.
Charge |
Domestic Customer |
Commercial Customer |
Industrial Customer |
Street Lighting Customer |
|---|---|---|---|---|
| Applies to | Electricity supplied to a residential property for non- commercial activities | Electricity supplied for non-residential or business activities | Electricity supplied for industry or where electric motors have an aggregate maximum power output rating of 5 or more horse power and are not normally used between 6.00 p.m. and 10.00 p.m. |
Electricity supplied to Government, local authorities for street lights. Private customers who apply for street lights |
| Non-fuel Charge (effective 9th September 2022) | EC$0.4057 cents (per unit) | EC$0.4375 cents (per unit) | EC$0.3207 cents (per unit) | EC$0.3839 cents (per unit) |
| Fuel Charge (effective 09th April 2024) | EC$0.6021 per kWh or unit calculated monthly | |||
| Fuel Adjustment Clause (effective 9th April 2024) |
$0.0527 (The FAC is applied to usage in the previous billing period) The Fuel Adjustment Clause adjusts the fuel charge up or down to remove any difference in what Grenlec paid for fuel and the amount that customers were billed through the fuel charge the prior month. |
|||
| Renewable Energy Charge (effective 9th April 2024) |
EC$0.003807 per kWh or unit calculated monthly | |||
| Government Charges (VAT) (effective 1st February 2023) |
Reduction of VAT from 15% to 7.5% for all customer Domestic customers are exempted from VAT on the first 99 kWh (units) consumed. |
7.5% of non-fuel charge Domestic customers are exempted from VAT on the first 99 kWh (units) consumed. |
7.5% of non-fuel charge Domestic customers are exempted from VAT on the first 99 kWh (units) consumed. |
7.5% of non-fuel charge Domestic customers are exempted from VAT on the first 99 kWh (units) consumed. |
| Government Charges (Environmental Levy) (effective 1st February 2023) |
|
|
N/A | N/A |
| $10.00 Government Subsidy (New Measure) Applicable to eligible domestics accounts only. Effective 1 Feb-31 Dec. 2023 |
$10.00 credit to be applied to these domestic electricity
|
N/A | N/A | N/A |
| Floor Area Charge (per 50 sq. feet of floor area) | N/A | 20 cents (per month) | N/A | N/A |
| Horsepower Charge | N/A | N/A | EC$2.00 (per horsepower) Minimum – EC$10.00 |
N/A |
Fuel Charge
Electricity generated by traditional diesel engines is billed as the Fuel charge.
| $per kWh | $per kWh | $per kWh | $per kWh | $per kWh | |
|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | |
| January | 0.4382 | 0.2884 | 0.5042 | 0.7496 | 0.6145 (effective 8 Jan. 2024) |
| February | 0.4390 | 0.2963 | 0.5153 | 0.7092 | 0.5829 (effective 9 Feb. 2024) |
| March | 0.4286 | 0.3200 | 0.5288 | 0.6672 | 0.5805 (effective 11 Mar. 2024) |
| April | 0.4087 | 0.3511 | 0.5693 | 0.6334 | 0.6021 (effective 9 Apr. 2024) |
| May | 0.3623 | 0.3820 | 0.6287 | 0.6148 | |
| June | 0.3021 | 0.3957 | 0.7034 | 0.5770 | |
| July | 0.2372 | 0.4096 | 0.7750 | 0.5530 | |
| August | 0.2055 | 0.4209 | 0.8523 | 0.5321 | |
| September | 0.2122 | 0.4353 | 0.8718 | 0.5463 | |
| October | 0.2491 | 0.4417 | 0.8359 | 0.5870 | |
| November | 0.2799 | 0.4459 | 0.7911 | 0.6378 | |
| December | 0.2893 | 0.4775 | 0.7648 | 0.6471 |
Fuel Adjustment Clause (FAC)
The Fuel Adjustment Clause (FAC) was implemented on 1 November 2023 by the Public Utilities Regulatory Commission (PURC). The FAC adjusts the fuel charge up or down to remove any difference in what Grenlec paid for fuel and the amount that customers were billed, through the fuel charge the prior month. When world fuel prices are rising, the actual fuel costs paid by Grenlec are higher than what customers are charged, and the FAC is used to recover the difference from customers. When world fuel costs are falling, the costs paid by Grenlec are lower than what customers are charged and the FAC is used to credit the difference to customers. Note that the FAC is applied to usage in the prior billing period.
| $per kWh | $per kWh | |
|---|---|---|
| 2023 | 2024 | |
| January | n/a | (0.1553) (effective 8 Jan. 2024) |
| February | n/a | (0.0163) (effective 8 Feb. 2024) |
| March | n/a | 0.0808 (effective 11 Mar. 2024) |
| April | n/a | 0.0527 (effective 9 Apr. 2024) |
| May | n/a | |
| June | n/a | |
| July | n/a | |
| August | n/a | |
| September | n/a | |
| October | n/a | |
| November | 0.1328 | |
| December | (0.0610) |
Renewable Energy (RE)
While electricity generated from fossil fuel is billed as the fuel charge, electricity generated from renewable energy sources such as solar is billed as the renewable energy (RE) charge. This charge was implemented 1 October 2023 by the Public Utilities Regulatory Commission (PURC).
| $per kWh | $per kWh | |
|---|---|---|
| 2023 | 2024 | |
| January | n/a | 0.003263 (effective 9 Jan. 2024) |
| February | n/a | 0.003752 (effective 9 Feb. 2024) |
| March | n/a | 0.003964 (effective 11 Mar. 2024) |
| April | n/a | 0.003807 (effective 9 Apr. 2024) |
| May | n/a | |
| June | n/a | |
| July | n/a | |
| August | n/a | |
| September | n/a | |
| October | 0.003657 | |
| November | 0.003637 | |
| December | 0.002645 |
Fixed Rate/kWh (Applicable Contracts)
EC$0.36 or EC$0.45
Variable Rate/kWh
(applicable contracts)
Based on the Average Avoided Fuel Cost in Prior Year
| Year | Rate |
| 2024 | EC$0.52 |
| 2023 | EC$0.62 |
| 2022 | EC$0.37 |
| 2021 | EC$0.25 |
| 2020 | EC$0.38 |
| 2019 | EC$0.40 |
| 2018 | EC$0.30 |
| 2017 | EC$0.24 |
| 2016 | EC$0.29 |
| 2015 | EC$0.50 |
| 2014 | EC$0.54 |
| 2013 | EC$0.56 |
| 2012 | EC$0.54 |