Electricity cost to increase due to new fuel fee - BVIEC
This is according to the General Manager of the BVI Electricity Corporation (BVIEC), Mr Leroy A.E. Abraham, who said the increased charges come as a result of the recently enacted British Virgin Islands Ports Authority (Amendment) Regulations, 2021, which became law on April 15, 2021.
According to Mr Abraham, as reflected in the regulation, “Wharfage as set out in paragraph (b) of Item E. of the Third Schedule shall be charged on petroleum products discharged through ships pipeline direct to private facility of cargo owners”.
Fuel will cost $0.10 more per gallon
Further, “$0.10 per gallon on petroleum products discharged through ships pipeline direct to private facility of cargo owners,” will be charged.
As such, the General Manager stated that due to the imposition of the new law, all of the BVIEC’s customers can expect to see an increase in their electricity bill from May 2021 and going forward, due to the increased cost of fuel to produce electricity.
Mr Abraham said the fee will be under ‘Fuel Surcharge’ and that the BVIEC remains committed to delivering exceptional customer experiences.
20 Responses to “Electricity cost to increase due to new fuel fee - BVIEC”
This government is profligating money on things that aren't necessary at this time. All at the tax payers expense.
They haven't saved the country one dime!