St. Lucians to pay less for electricity

By Admin Wednesday February 19 2014 in Caribbean
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CASTRIES: St. Lucians will be paying less for electricity as a result of a 2.6 cent reduction in the tariff for 2013.

 

The country’s sole provider, the St. Lucia Electricity Services Limited (LUCELEC) announced that the basic tariff for electricity has been reduced, starting with bills for February and continuing the remainder of the year.

 

LUCELEC manager Trevor Louisy said the basic tariff is what LUCELEC customers pay per unit of electricity without the fuel surcharge.

 

It is reviewed in January of every year in accordance with the Electricity Supply Act and reflects the average price of fuel for the preceding 12 months.

 

Louisy said the reduction in the basic tariff is a result of the average price of fuel for 2013 being lower than the previous average price LUCELEC paid in 2012.

 

“These reductions are largely due to a fuel price hedging program which LUCELEC has had in place for the past five years,” he said. “It is designed to reduce large fluctuations in the fuel surcharge.”

 

LUCELEC’s Corporate Communications Manager, Roger Joseph, said what the customer pays month to month is the total of the basic tariff plus the fuel surcharge (which is calculated each month).

 

LUCELEC customers will see details of the basic tariff and fuel surcharge on their monthly electricity bills.

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