Fuel Surcharge Rate Decreases

Customers of St. Vincent Electricity Services Limited will see decrease in the Fuel Surcharge Rate applicable on electricity bills for the month of May.

This rate applicable on the May bill is 32.24 cents per unit, a decrease of 2.23 cents from last month’s figure, which was 34.47 cents per unit.

Customers are reminded that there are several factors that influence the Fuel Surcharge rate, namely fuel cost, fuel consumption and electricity sales.

VINLEC says during the month of April, there was a decrease in the average cost of fuel (per gallon) when compared to March, while there was a slight increase in sales. Furthermore, the output from the Company’s Hydro Plants improved compared to the previous month.

The company is reassuring customers that it continues to work to improve the efficiency of its operations to ensure customers receive valuable and reliable service.

The Company continues to encourage customers to continue energy conservation as this practice will help to reduce consumption.