The St. Vincent Electricity Services Limited (VINLEC) says customers can expect to see a reduction in their electricity bills for the month of October.
Communications Officer at VINLEC, Mrs.Tamara Job-Sprott tells NBC News, the Fuel Surcharge rate on electricity bills in St. Vincent and the Grenadines has plunged by 48% in the last twelve months, falling from 52.05 cents per unit in October 2014 to 27.16 cents per unit in October 2015.
Mrs. Job-Sprott says the Company has released the rate applicable on bills for October and this figure (27.16 cents) has declined by 1.86 cents per unit from last month’s figure.
Mrs. Job-Sprott says over the past year, the Fuel Surcharge on VINLEC’s electricity bills has been on the decline primarily because of the downward trend in fuel prices on the international market.
According to Mrs. Job-Sprott, the decrease in the Fuel Surcharge Rate comes despite the fact that hydro production has remained below average over the past months.
She notes that VINLEC will continue to improve the inefficiencies of its operations in keeping with its mission to satisfy the interest of customers and improve the quality of life for everyone in the country.