In April, the fuel charge decreased to 41 cents. This represents a 10-cent reduction from the price in January 2019. The current fuel charge is the lowest since January 2018.
While fuel costs have fluctuated over the years with world fuel prices, the non-fuel charge for electricity has increased by less than three cents over the last 25 years. The non-fuel charge is the portion of the bill that covers Grenlec’s administrative costs as well as maintenance of equipment and infrastructure.
Lowest Electricity Price
The lower fuel charge, coupled with the non-fuel charge, means that Grenlec’s customers are paying the lowest electricity price in more than two years.
Fuel Costs from 2018-2020
More information on current rates is available on our website.