Government examines GEBE’s fuel clause

POSTED: 10/21/11 12:15 PM

St. Maarten – The Ministry of Economic Affairs is looking at ways to reduce the pain electricity bills cause consumers by bringing the fuel clause down from 44.6 to 34.7 cents per kilowatt. Minister Meyers showed yesterday during a Central committee meeting that the price had actually gone up this month, in spite of the diminished fuel clause.
Though Gebe brought the fuel clause down from 55 cents to 44.6 cents, it raised the base rate from 17 to 29 cents. In the vision of the government, the fuel clause could go further down to 34.7 cents. This would, in the example the minister showed during his presentation, result in a 13.5 percent lower electricity bill.
Minister Meyers said that the government is currently looking at liquid natural gas as an alternative energy source. LNG is much cheaper than oil. “It is cost effective and the effects will become visible within one to two years after the initial investment,” Meyers said.

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