Today, Prime Minister Philip Davis announced a major step for the people of Grand Bahama.
Through the Grand Bahama Electricity Company, the Government is acquiring GBPC and moving to adopt the BPL tariff schedule for Grand Bahama customers.
This means electricity rates in Grand Bahama will decrease across key customer categories.
For example, residential customers using 351 to 800 kWh currently pay about 22.87 cents per kWh with GBPC. Under the BPL tariff, that rate would be about 11.95 cents per kWh.
Residential customers using over 800 kWh currently pay about 27.31 cents per kWh with GBPC. Under the BPL tariff, that rate would be about 14.95 cents per kWh.
Commercial customers using up to 20,000 kWh currently pay about 20.20 cents per kWh with GBPC. Under the BPL tariff, that rate would be about 14.50 cents per kWh.
For larger general service customers, the rate would move from about 17.30 cents per kWh to about 10 cents per kWh for the first 100,000 kWh.
This is real relief for families, small businesses, large businesses, churches, schools, and community organisations across the island.
It also brings Grand Bahama into our national energy strategy, where it belongs. We want Grand Bahama to be part of the country’s wider plan for lower costs, stronger reliability, cleaner generation, and long-term growth.
Grand Bahamians deserve a fair rate, reliable service, and a future where energy costs help the island grow.
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