By Admin. Updated 7:11 p.m., Friday, October 13, 2023, Atlantic Standard Time (GMT-4).
The St. Vincent Electricity Services Limited (VINLEC) announced tonight (October 13) that there will be an increase in the fuel surcharge rate applicable on bills for October.
According to a press release from VINLEC, the new rate is $0.6530 per kWh, which is an increase of $0.11 from the previous month’s rate of $0.5419 per kWh.
“This change in the Fuel Surcharge rate is a direct outcome of the rising fuel costs incurred by VINLEC in September, coupled with a decrease in electricity generation at the hydro-stations due to unseasonably low rainfall,” VINLEC stated in the press release.
“Customers are reminded that the cost of fuel used in electricity generation is determined by international market rates, and the Fuel Surcharge represents the cost of fuel required to produce electricity,” the release stated.
The last major increase in the fuel surcharge rate was in April 2023. The rate was $0.6906 per kWh, which was an increase of $0.17 from the previous month’s rate of $0.5245 per kWh. At that time, VINLEC said the change in the Fuel Surcharge rate resulted from VINLEC having to pay more for fuel in March, and reduced electricity generation at the hydro-stations due to the current dry season.
In its October 13 report, VINLEC said it remains dedicated to providing reliable, safe and high-quality service to our customers.
“We continue to encourage customers to employ conservation methods where possible, to help mitigate the impact of high fuel costs. Customers who have queries are encouraged to contact the Customer Services Department via email at customerservices@vinlec.com, telephone 456- 1701 Ext. 237, 238 or via Facebook – facebook.com/VINLECSVG,” the release stated.
One News SVG 