St. Maarten Electricity rates slashed by four cents

POSTED: 04/12/12 12:36 PM

St. Maarten – Gebe’s electricity rates will fall by four cents per kilo-watt hour as of May 1. The change means a rate of 25 cents per kilowatt hour for domestic consumers. The current rate for domestic consumers is 29 cents per kilowatt hour.
The announcement of the reduction was made by Minister of Tourism, Economic Affairs, Transportation and Telecommunication Franklin Meyers at Wednesday’s Council of Ministers press briefing. It comes a day after the new rates were communicated to Gebe’s management headed by interim Managing Director Paul Marshall and Chairman of the Supervisory Board Julius Lambert.
The new rates will be valid for the next six months. At that point an evaluation will be made and the rate will either remain the same or it will be adjusted. Once the 18 month transition for the share transfer is completed government will also see whether the subsidy of one cent per kilowatt hour that goes to Saba and St. Eustatius can also be eliminated and the savings passed on to the consumers.
“For now we start with an immediate four cents across the board,” Meyers said.

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