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.
The St. Vincent Electricity Services Limited, VINLEC, says the Fuel Surcharge Rate applicable on electricity bills for the month of October is 27.16 cents per unit, a decrease of 1.86 cents from last month’s figure.
This is third time in the past six years that the Fuel Surcharge Rate has been in the range of twenty plus cents per unit. Prior this October 2015 figure, the records show March and September 2015 as the other months.
VINLEC’s Communication’s Officer, Tamara Job-Sprott, says over the past year, the Fuel Surcharge on electricity bills has been on the decline primarily because of the downward trend in fuel prices on the international market.
Meanwhile, Mrs. Job-Sprott is encouraging customers to continue energy conservation as this practice will help to reduce consumption.