OpenELEC for whatever reason does has incorrect time on setting up. This can be quite annoying. But it is actually quite easy to fix. This video shows how to set OpenELEC time zone on Raspberry Pi 2.0 Model B. This method also works on Raspberry Pi 1.0.
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About the author
Anand is a self-learned computer enthusiast, a part-time blogger, and a Food Scientist by career. He has been blogging since 2010 on Linux, Ubuntu, Home/Media/File Servers, XBMC, and related HOW-TOs (read more).