The fuel surcharge rate applicable on electricity bills for the month of January 2016 is 20.71 cents per unit, the lowest in 11 years.

Chief Executive Officer, of the St. Vincent Electricity Services Limited (VINLEC) Mr. Thornley Mayers speaking at a press conference yesterday said this decrease in the Fuel Surcharge Rate for January is primarily a reflection of fuel prices on the international market.

Mr. Mayers, however, cautioned that while fuel prices are currently trending downwards, customers must be prepared for when they increase again.

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