THE NATIONAL ENERGY POLICY OF GRENADA - Government of ...

ANNEX II -
ENERGY
SECTOR
DIAGNOSTIC
23
Figure 4. Average household and per capita electricity consumption 16
SOURCE: GRENLEC
GRENLEC’s supply-side energy efficiency results over the period have been mixed: fuel
efficiency has not improved significantly over the past several years, but the company has
successfully reduced its distribution losses from over 13% of net generation in 2000 to
less than 9% in 2008.
St George’s University (SGU) commenced operations in Grenada in 1977. It contributes
10% of the national GDP and accounts for a significant proportion of the country’s total
energy demand. In 2008, SGU consumed 15.1 GWh of electrical energy representing
approximately 8.8% of the national demand. In 2009, SGU’s consumption increased to
17.8 GWh. There is no self-generation at SGU; however, there is a stand-by generator. 17
Energy Prices
Fossil Fuel Prices:
The dramatic run-up in fossil fuel prices experienced in 2008 caused a commensurate
increase in energy prices. The cap on retail prices is adjusted monthly by the Energy
Division, Ministry of Finance, using a formula based on the imported price of the fuel.
It should be noted that although there are three “majors” in the retail market (Exxon,
Texaco, SOL/formerly Shell) all of the fuel stations sell their products at the capped price.
The lesson learned is that the introduction of other players in a small market does not
necessarily lead to true competition and reduced prices to the consumer. The caps on
retail prices of gasoline, diesel, kerosene and LPG, in imperial gallons, as of February 2010,
were as follows:
16. Data for 2004 not reliable due to Hurricane Ivan
17. Pers. Comm. Facilities Manager, St. George’s University. March, 2010
THE NATIONAL ENERGY POLICY OF GRENADA