The Grenada authorities on Tuesday mentioned 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 an announcement, the federal government mentioned that prospects will start to see the subsidy on their February payments from the Grenada Electrical energy Providers Ltd. (GRENLEC) and that the aid measure kinds a part of its efforts to ease price of residing 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 monthly is not going to meet the edge for the fee of the Worth Added Tax (VAT) nor the Environmental Levy, leading to extra financial savings,” the assertion mentioned.
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It mentioned that every one GRENLEC prospects who don’t qualify for the subsidy pays VAT on the decrease charge of seven.5 per cent as an alternative of the earlier charge of 15 per cent.
“This aid 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 lowering the affect of excessive power prices on the inhabitants,” the assertion added.
CMC/