Grand Bahamians are set to see reduced electricity bills this week, Energy Minister JoBeth Coleby-Davis announced today.
“Grand Bahama Power Company, Freeport, for the first time is being brought in line with the rest of the country on electricity oversight and pricing,” Coleby-Davis stated during her contribution to the 2026/27 budget debate in the House of Assembly.
This change will benefit over 17,000 households and more than 1,500 small and medium-sized businesses in Grand Bahama.
“Our Minister for Grand Bahama gonna be very happy to hear. Electricity have been lowered and this change will be reflected on electricity bills that will be issued on Thursday, the 11th of June, 2026,” Coleby-Davis added.
She said the new bills will show the removal of the base rate for usage under 200 kilowatt-hours, adjustments to fuel charge tiers based on consumption, and the elimination of the storm recovery charge. Residential consumers on Grand Bahama will see their rates drop from 0.22 cents to 0.11 cents for 351 to 800 kilowatt-hours, she noted.
Commercial consumers will also benefit, as their costs will decrease from 0.18 cents to 0.14 cents for 20,000 to 100,000 kilowatt-hours.
The minister said to ensure effective oversight and support for the Grand Bahama Power Company’s executive team in strategic planning and succession, the government will appoint an eight-member board.
The board will be chaired by Grand Bahamian attorney Paco Deal, with Senator Jayon Major serving as deputy chairman, Coleby-Davis announced.
Other board members include Sherlyn Brathwaite, Leonard Fowler, Carla Clare, Christopher Guthrie, Julian Sawyer, and Keith Russell.
Addressing the employees of the Grand Bahama Power Company, Coleby-Davis acknowledged concerns about job security.
“Please note that this energy transformation underway in The Bahamas now includes Grand Bahama and there is still much more work ahead,” she said. “So to the staff and GB Power, be assured you remain to be our greatest asset.”
