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ANNEX II - ENERGY SECTOR DIAGNOSTIC TABLE 3. RETAIL PRICES OF FOSSIL FUEL-DERIVED COMMODITY PRODUCTS COMMODITY Gasoline Diesel Kerosene LPG (Cooking Gas) 20 lbs cylinder LPG (Cooking Gas) 100 lbs cylinder Electricity Prices: PRICE IN EC $ $12.32/IG $11.95/IG $ 8.53/IG $42.61 $208.53 Retail electricity prices in Grenada are at the lower end of the scale in the Windward Islands, but are nonetheless considered high by local businesses, which face competition from nearby markets in Trinidad, a country that enjoys far lower energy prices and much greater economies of scale. The retail price of electricity in Grenada is a combination of fixed and variable charges per unit, with some additional capacity charges and taxes added. The domestic electricity tariff is comprised of: N a fixed energy charge, non-fuel Charge, per kWh of EC$ 0.4146; N a fuel surcharge that varies with the price of oil; N an environmental levy of $0, $5 0r $10 per month based on predetermined consumption bands and; N a government tax which is 5% of the Non-fuel Charge. The commercial tariff is comprised of N a fixed energy charge per kWh (Non-fuel Charge) of EC$ 0.4471; N the Fuel Charge; N a Floor Area Charge of 20 cents per 50 sq feet of floor area and N the 5% government tax The industrial tariff is comprised of N a fixed energy charge per kWh (Non-fuel Charge) of EC$ 0.3277; N the Fuel Charge; N a Horsepower Charge of $2.00 per installed horsepower and N the 5% government tax 24 ANNEX IIPDF Image | THE NATIONAL ENERGY POLICY OF GRENADA
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