VINLEC announces increase in Fuel Surcharge

VINLEC has announced that there has been an increase in the Fuel Surcharge rate applicable on bills for October 2023.
In a statement issued on October 13, 2023, the state’s lone electric company explained that the new rate is $0.6530 per Kwh, an increase of 11 cents from the previous month’s rate of $0.5419 per Kwh.
“This change in the Fuel Surcharge rate is a direct outcome of the rising fuel costs incurred by VINLEC in September,” the release stated.
The unseasonably low rainfall this year has had an impact with a decreased amount of hydroelectricity being able to be generated from the country’s hydro-stations.
The release further stated that – ‘Customers are reminded that the cost of fuel used in electricity generation is determined by international market rates, and the Fuel Surcharge represents the cost of fuel required to produce electricity.”
Vehicle owners also were made to dig deeper into their pockets this month with the announcement that as of October 2, gasoline and diesel prices increased.
The new prices, which were gazette on September 29, are $15.26 per gallon for diesel, low-Sulphur diesel – $16.98 and gasoline $17.06.