Grenada Electricity Services
- Company typePrivate
- Founded1960
- HeadquartersSaint George, Grenada
- Headcount251–500
- GTM typeB2C
- OfferingServices
Grenada Electricity Services firmographics
Firmographics- Name
- Grenada Electricity Services
- Legal name
- Grenada Electricity Services Ltd.
- Website
- https://grenlec.com
- Company type
- Private
- Founded year
- 1960
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Grenada Electricity Services industry classification
Industry- Product category
- Electric Utility Services
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Substation & Interconnection EPC (Collector/POI Substations, Switchyards) (EUAEADAC)
Keywords
Where Grenada Electricity Services is headquartered
LocationHeadquarters
- HQ city
- Saint George
- HQ country
- Grenada
Offices2 records
Markets served
Grenada Electricity Services business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Electricity Sales: Grenlec generates revenue through regulated electricity sales to residential, commercial, and industrial customers. Rates consist of fuel charge (adjusted monthly based on world fuel prices) and non-fuel charge (adjusted annually per Price Cap Formula under Electricity Supply Act 1994). Revenue also includes VAT at 15% on non-fuel portion and environmental levies.
- Connection and Service Fees: Fees for new connections, service requests, and other utility services as part of regulated electricity service provision
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | Residential customers - average consumption 141 kWh/month |
| Usage-based | Monthly | Commercial customers - average consumption 1,369 kWh/month |
| Usage-based | Monthly | Industrial customers |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels10 records
Grenada Electricity Services product offering
Product offeringCore offering
Grenada Electricity Services Ltd. (Grenlec) generates, transmits, and distributes electricity as the sole regulated national utility for the tri-island state of Grenada, Carriacou, and Petite Martinique under the Electricity Supply Act 1994. The company sells electricity to residential, commercial, and industrial customers on usage-based rates comprising a fuel charge adjusted monthly and a non-fuel charge adjusted annually under a price-cap mechanism. Grenlec also operates renewable energy programs (solar PV and wind), the Grenlec Mobile App, and the MyAccount.Grenlec.com online portal for customer self-service.
Product overview
Grenada Electricity Services (Grenlec) operates as an electricity utility company providing a unified customer service platform consisting of the Grenlec Mobile App (iOS/Android), MyAccount.Grenlec.com online portal, and various customer tools including the Bill Estimator and Save Energy program. The company also runs the Customer Renewable Energy Interconnection Programme (launched 2007) allowing customers to connect solar PV systems to the grid, an EV Programme, and the Community Partnership Initiative (GCPI) for social responsibility. The Mobile App and MyAccount portal form the core customer-facing digital products, enabling bill payment, usage tracking, outage notifications, and fault reporting.
Differentiator
Problem solved
Functional benefit
Products and services
- MyAccount.Grenlec.com A secure browser-based online customer portal that allows Grenlec customers to pay bills directly, enroll in paperless billing, view extended billing and payment history, manage multiple accounts, submit service requests, set up AutoPay, and authenticate via Multi-Factor Authentication (Google Authenticator). Targeted at residential, commercial, and industrial customers across Grenada, Carriacou, and Petite Martinique.
- Grenlec Mobile App A mobile application for Android and iOS devices that enables Grenlec customers to check bill balances, view 12-month usage history, manage multiple accounts, receive outage notifications, and report faults (no power, streetlight, and pole issues). Targeted at residential, commercial, and industrial customers across Grenada.
- Customer Renewable Energy Interconnection Programme A voluntary programme allowing customers to install renewable energy systems (primarily solar PV) and interconnect them to Grenlec's distribution network. Customers sell excess generation back to the grid. By 2018, over 117 customer-owned sites with aggregate capacity of 1.23 MWp were interconnected. Targeted at residential and business customers across Grenada seeking to reduce electricity costs and support clean energy.
- Electric Vehicle (EV) Programme Pilot programme supporting the adoption of electric vehicles in Grenada, including customer education on EV technology, charging options, fuel efficiency benefits (up to 75 MPGe), and environmental advantages. Conducted in partnership with the Government of Grenada.
Quantifiable outcome
- 8.4% of peak demand met by renewable energy systems representing 2.7 MWp capacity
- +4 more outcomes
Companies that use Grenada Electricity Services
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles3 records
Grenada Electricity Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Grenada Electricity Services partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered minor and core.
- CARIFTA 2016minorSponsorship of $50,000 XCD towards hosting of CARIFTA 2016 regional athletic event as part of community partnership initiatives.
- Government of GrenadacoreShared goal of 20% renewable energy by 2020. Collaborative efforts on energy policy, LED street lighting pilot project, and EV programme. Grenlec also regulated under 1994 Electricity Supply Act.
- CARIFTA Local Organizing CommitteeminorPartnership through GCPI providing $50,000 XCD sponsorship for CARIFTA 2016, with Grenlec as first corporate sponsor for regional event.
- Grenada Olympic CommitteeminorPartnership supporting Grenada's 2016 Olympic team with $30,000 contribution for second consecutive time, supporting six-member Rio Olympics delegation.
- J.J. Robinson TrustminorAnnual partnership providing tuition cost support for fourteen students attending TAMCC as part of GCPI education initiatives.
- St. Andrew's Anglican Secondary School (SAASS)minorEnergy efficiency and renewable energy project partnership under GCPI including LED lighting replacement and 13.92 kW rooftop solar installation valued at over $200,000 as prize for winning Grenlec Debates Championship.
- GRENCODA Student Assistance ProgrammeminorAnnual partnership with GRENCDA's Student Assistance Programme providing educational assistance to ensure students can attend school, with focus on empowering families.
- University of the West IndiesminorPartnership on lecture series with University of the West Indies and Coop Bank to support education and community development.
- Coop BankminorPartnership on lecture series with Coop Bank and University of the West Indies for community education initiatives.
- CARILEC (Caribbean Electric Utility Services Corporation)coreRegional utility association for mutual aid and disaster recovery support. Grenlec sent crews to restore power in Tortola, Anguilla, and Dominica after hurricanes and hosted Lineman Symposium and Rodeo.
- Government of GrenadacorePartnership on nation's first electric vehicle (EV) pilot programme to achieve energy efficiency and environmental stewardship goals.
- Ministry of Carriacou & Petite Martinique AffairscorePartnership on 113.40 kW Solar PV Plant at Limlair Carriacou - largest single PV Farm in tri-island state. Grenlec contributed over $60,000 including high voltage line construction.
Scale indicators14 records
Recent moves8 records
Expansion highlights4 records
Grenada Electricity Services competitors and assessment
Company assessmentDirect peers
- Saint Lucia Electricity Services (LUCELEC): National regulated electric utility serving Saint Lucia with generation, transmission, and distribution. Direct peer on monopoly structure, fuel-pass-through pricing, and Caribbean operating context.
- Caribbean Utilities Company (Cayman): Publicly traded regulated electric utility serving Grand Cayman. Highly comparable business model (sole provider, T&D + generation), geography (small Caribbean island), and renewable integration approach.
- Barbados Light & Power Company: Vertically integrated regulated electric utility serving Barbados under a similar monopoly/price-cap framework. Directly comparable on regulatory model, customer segments, and fuel-pass-through tariff structure.
- Trinidad and Tobago Electricity Commission (T&TEC): State-owned integrated electric utility serving Trinidad and Tobago. Comparable vertically-integrated monopoly model with regulated tariffs and similar Caribbean operating risks.
- FortisTCI (Turks & Caicos): Subsidiary of Fortis Inc. providing regulated electricity service across Turks and Caicos. Comparable scale, monopoly structure, and Caribbean island-grid context.
- BELCO (Bermuda Electric Light Company): Sole regulated electric utility serving Bermuda. Comparable on monopoly franchise, T&D operations, and small-island climate-resilience profile.
- Dominica Electricity Services (DOMLEC): National electric utility of Dominica operating as a regulated monopoly. Comparable on island-scale utility economics, hydro/renewable mix, and Caribbean regulatory environment.
- Jamaica Public Service (JPS): Largest integrated electric utility in the English-speaking Caribbean, serving Jamaica under a similar monopoly licence and tariff regime. Closest large-scale analogue on regulatory model and customer base.
Others
- CARILEC (Caribbean Electric Utility Services Corporation): Regional association of Caribbean electric utilities of which Grenlec is a member. Relevant peer as a coordinating body that influences standards, mutual aid, and renewable policy across the same operator peer group.
- WRB Energy: Privately held power-sector owner/operator with a director (Murray Skeete) on Grenlec's board. Adjacent peer as a regional energy investor/operator sharing governance ties with Grenlec.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks2 records
Key highlights7 records
Customer concentration
Grenada Electricity Services social profiles
Digital presenceGrenada Electricity Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Grenada Electricity Services leadership team
Management profileNumber of profiles
Profiles6 records
Grenada Electricity Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Grenada Electricity Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Grenada Electricity Services
What does Grenada Electricity Services do?
Grenada Electricity Services Ltd. (Grenlec) generates, transmits, and distributes electricity as the sole regulated national utility for the tri-island state of Grenada, Carriacou, and Petite Martinique under the Electricity Supply Act 1994. The company sells electricity to residential, commercial, and industrial customers on usage-based rates comprising a fuel charge adjusted monthly and a non-fuel charge adjusted annually under a price-cap mechanism. Grenlec also operates renewable energy programs (solar PV and wind), the Grenlec Mobile App, and the MyAccount.Grenlec.com online portal for customer self-service.
Is Grenada Electricity Services a public or private company?
Grenada Electricity Services is a private company. It is classified as unknown and is currently operating.
When was Grenada Electricity Services founded?
Grenada Electricity Services was founded in 1960. It employs 251 to 500 people.
Where is Grenada Electricity Services based?
Grenada Electricity Services is headquartered in Saint George, Grenada.
How does Grenada Electricity Services make money?
Two revenue lines are on record. Electricity Sales are the primary driver. The others are connection and Service Fees.
Who are Grenada Electricity Services's main competitors?
Direct peers on record are Saint Lucia Electricity Services (LUCELEC), Caribbean Utilities Company (Cayman), Barbados Light & Power Company, Trinidad and Tobago Electricity Commission (T&TEC), FortisTCI (Turks & Caicos), BELCO (Bermuda Electric Light Company), Dominica Electricity Services (DOMLEC) and Jamaica Public Service (JPS). Others are CARILEC (Caribbean Electric Utility Services Corporation) and WRB Energy.
Does Grenada Electricity Services have an API?
No public API is recorded for Grenada Electricity Services.
What industry is Grenada Electricity Services in?
Grenada Electricity Services's product category is Electric Utility Services. Its primary akta.pro industry code is EUAEADAC, Substation & Interconnection EPC (Collector/POI Substations, Switchyards). Its NAICS code is 2211 and its SIC code is 4911.