Dear Valued Customer,
The fuel factor rate on March electricity bills has declined by up to 18% across some service territories as market fuel prices continue to fall, lowering the cost of electricity.
The fuel factor rate decreased from $0.2623 to $0.2141 per kilowatt hour ("kWh") for Providenciales, North Caicos, and Middle Caicos customers, reflecting the 18% decline.
The fuel factor rate for Grand Turk and Salt Cay customers decreased by 13% from $0.2576 per kWh to $0.2218 on the March electricity bill.
Since the beginning of the year, the fuel factor rate for customers in South Caicos has decreased by 10% from $0.2709 in January to $0.2420 in February. The fuel factor rate for March will become available next week.
The fuel factor rate rises and falls with fuel prices, and we will continue to keep you informed as the market remains volatile. Sign up for My Online Account to track your energy usage and practice energy conservation.
