1. The Energy Supply Act defines the Monopoly for Grenlec until 31st December 2073:
“Subject as hereinafter provided in this Act, the Grant of Company shall have a sole and exlusive licence to licence, generate, transmit, distribute and sell electricity in Grenada until December 31, 2073”, i.e. whatever happens in the energy sector is regulated by Grenlec and not the Grenadian Government – FOR THE NEXT 61 YEARS!
(2). You can install a Windmill or a Solar Photovoltaic plant BUT: you have to sell ALL generated electricity to Grenlec for approx. 0.50 EC/kWh and buy ALL electricity you consume from Grenlec or the regular electricity price, currently approx. 1.10 EC/ kWh.
Sell it for 50 Cents and buy it back for 1 Dollar 10 Cents!
(3). Grenada is among the countries with the HIGHEST power price OF THE WORLD because power is generated with diesel generators.
(4). Price for Photovoltaics dropped from 14000EC/kW (2006) to 6000 EC/kW – BUT the current Grenlec regulations makes it uneconomical THOUGH Solar Electricity is now able to generate electricity MUCH cheaper and cleaner than diesel generators.
Payback time for a PV System was approx. 8 years in 2006 and though price dropped by almost 60%, payback time is now 12 years!
(5). WHY? The new regulations are calculated to avoid ANY losses for Grenlec through renewable generated power by Grenadians.
BY STONEWALLING AGAINST GRENADIANS WHO WANT TO HAVE CHEAPER POWER AND BE PROACTIVE AGAINST GLOBAL WARMING GRENLEC DAMAGES GRENADA ECONOMICALLY: GRENLEC IS SERVING SHAVING THE NATION.
Dr.Dirk Burk Hiardt