CUC licence fee reduction is approved

Electricity users will see a slight
drop in their power bills from this month following a 25 per cent reduction in the
Caribbean Utilities Company’s licence fees.

Homes that use 2,300 kilowatt hours
per month, for example, will see the licence and regulatory fee charges listed
on their bills drop by $2.73, from $10.79 to $8.06, the Electricity Regulatory
Authority Managing Director Philip Thomas
said.

The authority’s board recently agreed
to reduce the licence fees CUC pay.

Mr. Thomas said the fees were set
in 2008 when new licences were issued to CUC at a rate of 0.0083 cents per kWh.
The first 1,000 kWhs of monthly residential kWhs are exempt.

In their February bills, customers
will see a lowered rate of 0.0062 cents per kWh with the first 1,000 of monthly
residential kWhs still being exempt.

“After the end of the first quarter
this year, the ERA will review the rate again; it is possible that there may be
an additional reduction in the fee rate thereafter,” Mr. Thomas said.