ELEC­TRIC­ITY TAR­IFFS DROP TO SEVEN-YEAR LOW

The Star (St. Lucia) - - LOCAL -

St. Lu­cia Elec­tric­ity Ser­vices Lim­ited (LUCELEC) an­nounced on Fri­day that its cus­tomers will see sig­nif­i­cant re­duc­tions in what they pay per unit of elec­tric­ity.

For bills go­ing out this month, res­i­den­tial cus­tomers will pay 63.6 cents per kilo­watt-hour for the first 180 units, and 68.6 cents per kilo­watt-hour there­after.

Ho­tels, in­dus­trial and com­mer­cial cus­tomers will pay 74.6 cents per kilo­watthour for high ten­sion and 78.6 cents per kilo­watt-hour at low ten­sion. Street light­ing will be billed at 78.1 cents per unit.

The new rates are nearly 22 cents lower than what cus­tomers paid in Fe­bru­ary 2015 and 8 cents lower than what cus­tomers paid last month, con­tin­u­ing the steady de­cline in elec­tric­ity rates over the past sev­eral months.

LUCELEC’s Man­ag­ing Di­rec­tor, Trevor Louisy, says cus­tomers are cur­rently pay­ing what they paid for elec­tric­ity as far back as 2009.

“The re­duc­tions come as a re­sult of a com­bi­na­tion of fac­tors. There’s the an­nual com­pu­ta­tion of the ba­sic tar­iff which hap­pens in Jan­uary ev­ery year, as re­quired by law. This re­sulted in an al­most 10% re­duc­tion in the ba­sic tar­iff for each cat­e­gory of cus­tomers. Cou­pled with that is the lower price that LUCELEC paid for fuel dur­ing the month of Jan­uary re­sult­ing in what is called a neg­a­tive fuel sur­charge that saw a fur­ther re­duc­tion in the ba­sic tar­iff of 18.7 cents per unit,” Mr. Louisy ex­plained.

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