News

St. Eustatius Utility Company News
21
Jun

Press Release: ACM Adjusts maximum variable electricity tariffs on Bonaire, St. Eustatius and Saba

Comment

The fuel needed to produce electricity has become more expensive. That is why
the Authority for Consumer & Markets (ACM) has increased the maximum rate
that the distributors, Water and Energy Company WEB N.V., St. Eustatius Utility
Company N.V. and Saba Electric Company N.V. may charge per kilowatt hour.
How much more the distributors will actually charge, they themselves can
determine. However, these tariffs may not be higher than the cost effective tariff
that was set by the ACM.
ACM sets cost effective tariffs
The ACM has, based on the Law Electricity and Drinking water BES, among
other things the task to set rates for electricity and drinking water. This is the
maximum rate that a distributor may charge the customers. The ACM sets
these rates each year (effective January 1st). The cost-effective variable usage
fee for electricity can also be modified by the ACM effective July 1st.
Fuel costs determine price electricity
The variable usage rate is the rate that customers pay for consuming electricity,
it is therefore the price per kilowatt hour. A large part of this rate consists of the
cost of fuel needed to produce electricity. Because of the increase in fuel costs,
as a result of the rise in oil prices, also the variable usage increases the rate of
electricity. If fuel costs drop, the ACM will then also process
this and will use the variable user rate revised downwards.
On Bonaire the ACM also adjusts the pagabon-tariff. In that variable rate the
fuel costs are also processed.
The decisions of the ACM and the corresponding calculation models are found
on the website of the ACM: www.acm.nl/caribisch-nederland.com
Note for the Editor: for information contact Communication-SSO Lucia Beck
(+599-781-9050) or Alida Francis (+599-781-0434).

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