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Grenada Climate Finance Portal

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Grenada Climate Finance Portal

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Baseline and Goals

Baseline and Goals

Grenada’s energy sector is mainly reliable on the importation of traditional fossil fuels which account for over 98% of the national energy mix and comprise of diesel, gasoline, kerosene and liquefied petroleum gas. These imports mainly come from Venezuela and are used principally for electricity generation, cooking and transportation.

Since 2010*, carbon dioxide emissions in Grenada have increased by 87%* with electricity production contributing to an average of 48% of these emissions between 2010 and 2014. Since 2014, gross generation by GRENLEC, the sole provider of electricity, has steadily increased up to a maximum of 229.2 gigawatt hours (GWh) in 2018.

Source: Grenlec.com

Major Players in the Energy Sector

Government Authority Energy Division - Ministry with responsibility for Public Utilities & Energy
Services Provided: price calculations of petroleum products, data monitoring on energy sector, liaison with national and regional organisations
Utility Grenada Electricity Services Ltd. (GRENLEC)
Sole provider of electricity in Grenada. Investor-owned by WRB Enterprises (50%), employees (4.5%), the Government of Grenada and the National Insurance Scheme (21%) and other investors (24.5%)
Regulator Public Utilities Regulatory Commission (PURC)
Established by the PURC Act No. 20 of 2016 with the electricity sector coming under its purview.

Electricity/Energy Sector Overview

Average Electricity Prices For Domestic Customers:
Fuel charge = $0.45 per kWh
Non-fuel charge = $0.43 per kWh
Total Installed Capacity 50.9 MW
Peak Demand 33 MW
Gross Electricity Generation 229.2 GWh (mostly from diesel)
RE Share Total RE Generation = 3.3 GWh
Actual RE Penetration > 1%

Source: GRENLEC Annual Report 2018. Figures given are for the year 2018

Although the amount of Grenada’s greenhouse gas emissions is negligible compared global emissions, Grenada is committed to reduce its emission of greenhouse gases by 30% of the 2010 baseline by 2025 and 40% by 2030 according to it Nationally Determined Contributions. Grenada’s National Energy Policy also outlines Grenada’s goal to increase the percentage of domestic energy usage derived from renewable energy sources and reduce the national rate of consumption while increasing economic growth.

To achieve these goals, Grenada has already begun to open avenues to renewable energy and energy efficiency through the following:

  • The Electricity Supply Act 19 of 2016 encourages the use of renewable energy in supplying electricity.
  • Grenada has begun to access multilateral and bilateral support through regional and national energy projects.
  • Various renewable energy projects funded by GRENLEC involving installation of solar panels at public and private facilities.