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Fuel Price Trends

The Impact on Your Bill
Fuel Factor Rates Decrease up to 10.42%: July 2023

Dear Valued Customer, 

Fuel factor rates across some service territories have declined by 10.42% this month as market fuel prices continued to fall. This downward or generally stable trend across the islands have been consistent since February of this year.

Factors that influence your electricity costs include the amount of energy you consume every month and the price of fuel. The fuel factor rate on July's electricity bill for Providenciales, North Caicos, and Middle Caicos customers has decreased by 10.42% from the prior month's $0.1986 to $0.1779 per kilowatt hour ("kWh").

Grand Turk and Salt Cay customers' fuel factor rates also reflect a significant decline, with a 9.4% reduction from the prior month's $0.2019 to $ 0.1829 per kWh.

This month's fuel factor rate for South Caicos will become available soon. It is worth noting that South Caicos fuel factor rate for last month (June) decreased by 8% from the prior month's $0.2109 to $0.1941 per kWh.

We will continue to keep you informed of the latest fuel factor rates every month so you can know what to expect.

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