The Economic Development Rate was developed in consultation with our regulators, the Grand Bahama Port Authority (GBPA). The goals of the EDR are to attract new investment and encourage expansion of existing industrial and commercial business in Grand Bahama.
In order to qualify for the economic development rate, businesses must meet a minimum demand criterion of 500KVA, as well as a job creation and capital investment quota. Those that qualify will receive a discounted rate over a five-year period. To determine if your business qualifies for the economic development rate, view the EDR criteria below:
Economic Development Rate Criteria (PDF)
How to Apply
Complete the application, sign it, and send it to our Economic Development Department at:
Grand Bahama Power Company
Economic Development Rate
P.O. Box F-40888
Freeport, Grand Bahama.
Include appropriate documentation proving your eligibility.