{"id":11937,"date":"2023-11-13T13:30:58","date_gmt":"2023-11-13T17:30:58","guid":{"rendered":"https:\/\/drealfmgrenada.com\/?p=11937"},"modified":"2023-11-13T13:30:58","modified_gmt":"2023-11-13T17:30:58","slug":"reminder-of-rate-changes-and-rate-update","status":"publish","type":"post","link":"https:\/\/drealfmgrenada.com\/index.php\/2023\/11\/13\/reminder-of-rate-changes-and-rate-update\/","title":{"rendered":"Reminder of Rate Changes and Rate Update"},"content":{"rendered":"<p>These changes introduced by the Public Utility Regulatory Commission (PURC) Interim Tariff determination means 2 new components, the Fuel Adjustment Clause and the Renewable Energy Charge, are now applicable to all customers.<\/p>\n<p>The Renewable Energy Charge was implemented in October 2023 to show the impact of renewable sources of energy as a separate item (component) on the bill.<\/p>\n<p>The second change, the Fuel Adjustment Clause is taking effect this month.<\/p>\n<p><strong>Fuel Adjustment Clause Overview:<\/strong><\/p>\n<div id=\"nowgd-2035367885\" class=\"nowgd-ap-m-300x300-weekly\">\n<p>Grenlec calculates the monthly customer fuel charge based on a 3-month average of fuel prices.<\/p>\n<p>This means that there are always variations between the actual fuel costs incurred by Grenlec and the amount billed to customers through the fuel charge.<\/p>\n<ul>\n<li><strong>Rising Fuel Prices:<\/strong>\u00a0Customers pay less than Grenlec\u2019s actual fuel costs. The fuel adjustment clause helps recover the difference in the following billing period<\/li>\n<li><strong>Falling Fuel Prices:<\/strong>\u00a0Customers pay more than Grenlec\u2019s actual fuel costs. In such cases, the fuel adjustment clause allows Grenlec to credit the difference back to customers<\/li>\n<\/ul>\n<p>Please note that while the fuel adjustment clause benefits both customers and Grenlec, it may result in significant upward and downward movements in the monthly fuel charge.<\/p>\n<p>On 7 November 2023, the first FAC was implemented together with the monthly fuel charge as per the Interim Tariff:<\/p>\n<p>For additional details, please visit\u00a0<a href=\"https:\/\/grenlec.com\/\" target=\"_blank\" rel=\"noopener\">grenlec.com<\/a>, email, call or visit us at our Customer Care Centres.<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"15%\"><\/td>\n<td width=\"25%\"><strong>Fuel Charge<\/strong><\/td>\n<td><strong>Fuel Adjustment Clause (FAC)<\/strong><\/td>\n<td><strong>Renewable Energy Charge<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Oct \u201923<\/strong><\/td>\n<td>$0.5870<\/td>\n<td>Not Applicable<\/td>\n<td>$0.003657 (portion supplied from RE was 0.99%)<\/td>\n<\/tr>\n<tr>\n<td><strong>Nov \u201923<\/strong><\/td>\n<td>$0.6378<\/td>\n<td>$0.1328 (applied to usage in the previous billing period)<\/td>\n<td>$0.003637 (portion supplied from RE sources was 0.95%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>All rates, including a rate history for the fuel charge and the fuel adjustment clause, are available at\u00a0<a href=\"https:\/\/grenlec.com\/\" target=\"_blank\" rel=\"noopener\">grenlec.com<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>These changes introduced by the Public Utility Regulatory Commission (PURC) Interim Tariff determination means 2 new components, the Fuel Adjustment Clause and the Renewable Energy Charge, are now applicable to all customers. The Renewable Energy <a class=\"mh-excerpt-more\" href=\"https:\/\/drealfmgrenada.com\/index.php\/2023\/11\/13\/reminder-of-rate-changes-and-rate-update\/\" title=\"Reminder of Rate Changes and Rate Update\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":11938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[39,40],"tags":[],"class_list":{"0":"post-11937","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-news","8":"category-news"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2023\/11\/download-3-1.jpg?fit=225%2C225&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"rttpg_featured_image_url":{"full":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2023\/11\/download-3-1.jpg?fit=225%2C225&ssl=1",225,225,false],"landscape":["https:\/\/drealfmgrenada.com\/wp-content\/uploads\/2023\/11\/download-3-1.jpg",225,225,false],"portraits":["https:\/\/drealfmgrenada.com\/wp-content\/uploads\/2023\/11\/download-3-1.jpg",225,225,false],"thumbnail":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2023\/11\/download-3-1.jpg?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2023\/11\/download-3-1.jpg?fit=225%2C225&ssl=1",225,225,true],"large":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2023\/11\/download-3-1.jpg?fit=225%2C225&ssl=1",225,225,true],"1536x1536":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2023\/11\/download-3-1.jpg?fit=225%2C225&ssl=1",225,225,true],"2048x2048":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2023\/11\/download-3-1.jpg?fit=225%2C225&ssl=1",225,225,true],"mh-magazine-slider":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2023\/11\/download-3-1.jpg?resize=225%2C225&ssl=1",225,225,true],"mh-magazine-content":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2023\/11\/download-3-1.jpg?resize=225%2C225&ssl=1",225,225,true],"mh-magazine-large":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2023\/11\/download-3-1.jpg?resize=225%2C225&ssl=1",225,225,true],"mh-magazine-medium":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2023\/11\/download-3-1.jpg?resize=225%2C225&ssl=1",225,225,true],"mh-magazine-small":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2023\/11\/download-3-1.jpg?resize=80%2C60&ssl=1",80,60,true]},"rttpg_author":{"display_name":"adminrfm","author_link":"https:\/\/drealfmgrenada.com\/index.php\/author\/adminrfm\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/drealfmgrenada.com\/index.php\/category\/news\/local-news\/\" rel=\"category tag\">Local News<\/a> <a href=\"https:\/\/drealfmgrenada.com\/index.php\/category\/news\/\" rel=\"category tag\">News<\/a>","rttpg_excerpt":"These changes introduced by the Public Utility Regulatory Commission (PURC) Interim Tariff determination means 2 new components, the Fuel Adjustment Clause and the Renewable Energy Charge, are now applicable to all customers. The Renewable Energy [...]","_links":{"self":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/11937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/comments?post=11937"}],"version-history":[{"count":1,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/11937\/revisions"}],"predecessor-version":[{"id":11939,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/11937\/revisions\/11939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/media\/11938"}],"wp:attachment":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/media?parent=11937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/categories?post=11937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/tags?post=11937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}