Grenada Authorities proclaims price discount in electrical energy for low-income households

The Grenada authorities on Tuesday stated greater than 21,000 low-income households ought to profit from decrease electrical energy charges because it implements an EC$10 (One EC greenback=US$0.37 cents) subsidy for the subsequent 12 months.

In a press release, the federal government stated that prospects will start to see the subsidy on their February payments from the Grenada Electrical energy Providers Ltd. (GRENLEC) and that the reduction measure varieties a part of its efforts to ease price of dwelling bills for  residents.

“The associated fee to the federal government for February is EC$176,140.  As well as, low-income households that eat lower than 100 kWh per thirty days won’t meet  the edge for the fee of the Worth Added Tax (VAT) nor the Environmental Levy, leading to extra financial savings,” the assertion stated.

– Commercial –

It stated that each one GRENLEC prospects who don’t qualify for the subsidy pays VAT on the decrease price of seven.5 per cent as an alternative of the earlier price of 15 per cent.

“This reduction will lead to important financial savings for all classes of GRENLEC prospects. The federal government takes this chance to remind the general public of the significance of power  effectivity and conservation and reiterates its dedication to decreasing the affect of excessive power prices on the inhabitants,” the assertion added.

CMC/