Dear Valued Customer,
Lower fuel factor rates have been reflected on electricity bills over the past several months. The impact of this downward trend is most noticeable on electricity bills, where the amount of energy a customer uses within the billing period trends in the same downward direction. This month, however, the fuel factor rate across some service territories slightly increased up to 7.75% as market prices fluctuate.
For October, the fuel factor rate for Providenciales, North Caicos, and Middle Caicos customers has increased by 7.75% from the prior month's $0.1578 to $0.1700 per kilowatt hour ("kWh").
Grand Turk and Salt Cay customers' fuel factor rates reflected a 1% decrease from the prior month's $0.1575 to $0.1560 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 (September) increased by 3% from the prior month's $0.1703 to $0.1758 per kWh.
We will continue to keep you informed of the latest monthly fuel factor rate trends. The fuel factor rate is only one component of your energy cost. Remember, your electricity bill is also influenced by how much energy you consume in kilowatt hours during the billing period. Your daily and monthly energy usage data is available at www.myftcionline.com.
