ST GEORGE’S, Grenada, Sep. 11, CMC – The island’s only electricity company, GRENLEC, has attributed an increase in electricity bills to the discontinuation of credit from the 2024 fuel charges which ended in June/July . Based on this, there was a hike in electricity bills issued after August 14.
Without disclosing the amount by which the Fuel Adjustment Clause will affect customers, an advisory published on the facebook page of Grenlec said there are two main reasons for the increase.
The first is the end of credit from the 2024 fuel charges and the second is increased world fuel price because of geopolitical events that pushes the company’s fuel bills up between June and August.
The post noted that customers are not immune from the fluctuations in the global cost of fuel which is influenced by events beyond Grenada’s borders.
The company has advised customers to adopt energy conservation measures that can ease the impact of their monthly bills.
In its July monthly customers bulletin, Grenlec said as of July 9, the fuel charge had decreased by 12 cents from 61 cents in January to 49 cents in June 2025. This was attributed to decreases in world fuel prices.
However, Emmalin Pierre, Opposition Leader and political leader of the New National Party said she cannot understand how the Government, which has the majority shares in GRENLEC could support and facilitate this increase.
“At this time the government should be using its influence and power to reduce the burdens facing our people by reducing the cost of electricity,” she said while recalling the action taken by the NNP administration during the COVID-19 pandemic period.
“This was done before by the NNP administration when there was a reduction in the levy and the non-fuel charges. This is the kind of action we expect from the Government,” she said.
In December 2020, WRB Enterprises (WRB) and Grenada Private Power Limited (GPP) announced it had executed a Settlement Agreement with the Government of Grenada, effective December 24, 2020.
Under that Agreement, WRB/GPP and related parties transferred their majority stake in Grenlec to the Government in exchange for the payment of USD $63 million, thereby making the Government of Grenada the majority shareholder of Grenlec.
CMC/ls/kb/2025