Barbadians should expect a higher electricity bill this month.
This as the Barbados Light and Power Company said in a press release, that the Fuel Clause Adjustment (FCA) has increased by seven cents this month, to 35.7825 cents/kWh. As a result, customers will see an increase in June’s electricity bills.
An average electricity customer using approximately 250kWh in May would have paid $142.89 compared to $163.98 for the same usage this month.
They further added that "the monthly FCA is impacted by international oil prices and the types of fuels used by the Company. Over the last 12 months, global oil prices have risen by over 100 percent. Also, Light and Power is currently undertaking necessary maintenance on its lowest cost heavy fuel oil generator, resulting in greater usage of diesel and av-jet fuelled generators.
"To mitigate fuel price volatility, Light and Power is considering revisiting its fuel hedging application, which was unsuccessful last year. They also remain committed to working with energy stakeholders to continue installing more renewable energy and to transition Barbados from its dependence on foreign oil to clean energy."
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