SVG: Increase in Fuel Surcharge rate on October electricity bills
The St Vincent Electricity Services Limited (VINLEC) has advised customers of an increase in the Fuel Surcharge rate applicable on bills for October 2023.
In a statement, VINLEC explains the new rate is $0.6530 per kWh, an increase of $0.11 from the previous month’s rate of $0.5419 per kWh.
It says 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 is reminding customers that international market rates determine the cost of fuel used in electricity generation, and the Fuel Surcharge represents the cost of fuel required to produce electricity.
VINLEC adds that it remains dedicated to providing reliable, safe and high-quality customer service.
It also encourages customers to employ conservation methods, where possible, to help mitigate the impact of high fuel costs.
Customers who have queries are encouraged to contact VINLEC’s Customer Services Department.
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