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

ANNEX II
ANNEX II -
ENERGY
SECTOR
DIAGNOSTIC
TABLE 3.
RETAIL PRICES OF FOSSIL FUEL-DERIVED
COMMODITY PRODUCTS
COMMODITY PRICE IN EC $
Gasoline
Diesel
Kerosene
$12.32/IG
$11.95/IG
$ 8.53/IG
LPG (Cooking Gas) 20 lbs cylinder $42.61
LPG (Cooking Gas) 100 lbs cylinder $208.53
Electricity Prices:
Retail electricity prices in Grenada are at the lower end of the scale in the Windward
Islands, but are nonetheless considered high by local businesses, which face competition
from nearby markets in Trinidad, a country that enjoys far lower energy prices and much
greater economies of scale.
The retail price of electricity in Grenada is a combination of fixed and variable charges
per unit, with some additional capacity charges and taxes added.
The domestic electricity tariff is comprised of:
◆ a fixed energy charge, non-fuel Charge, per kWh of EC$ 0.4146;
◆ a fuel surcharge that varies with the price of oil;
◆ an environmental levy of $0, $5 0r $10 per month based on predetermined
consumption bands and;
◆ a government tax which is 5% of the Non-fuel Charge.
The commercial tariff is comprised of
◆ a fixed energy charge per kWh (Non-fuel Charge) of EC$ 0.4471;
◆ the Fuel Charge;
◆ a Floor Area Charge of 20 cents per 50 sq feet of floor area and
◆ the 5% government tax
The industrial tariff is comprised of
◆ a fixed energy charge per kWh (Non-fuel Charge) of EC$ 0.3277;
◆ the Fuel Charge;
◆ a Horsepower Charge of $2.00 per installed horsepower and
◆ the 5% government tax
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