On Thursday 25 June 2014, GRENLEC announced that a 3.2% reduction in the non-fuel component of its electricity rates for the coming year would become effective 1 January 2015. The announced rate reduction is in accordance with the rate-setting provisions set forth in the Electricity Supply Act, 1994.
As a result of recent discussions with the Government of Grenada, GRENLEC is pleased to announce an acceleration of the upcoming rate reduction, which will now also apply to electricity service from 1 November 2014.
Given this timing change, customers will see the impact of this rate reduction commencing with their December 2014 billing statements (two months earlier than had previously been announced).
(The above was submitted by GRENLEC)