St. Maarten utilities rates (GEBE) go lower in August

POSTED: 05/24/11 1:13 PM

St. Maarten – GEBE will receive instructions this week that it cannot pass the cost it pays for bulk fuel onto consumers. Minister of Tourism, Economic Affairs, Transportation and Telecommunications Franklin Meyers gave notice of the instruction on Sunday on For the Record with Eddie Williams on Radio Soualiga 99.9 Choice F.M.

“Right now the price for the bulk fuel is what they pass on. With the change GEBE will basically only be allowed to pass on what they pay Shell or Texaco to the consumer. This will lead to an adjustment of the tariff structure and relief for the people,” Meyers said.

The new measure will take effect on August 1, giving the company just over two months to prepare for implementation. The adjusted rates will have to be vetted by the Bureau Telecommunications & Post St. Maarten – the designated agency to verify the company’s tariff by the government.

“GEBE is obligated to obey and we’ve been discussing it for a while. These things take time and we needed to ensure that we got the proper advice that it was legal,” Meyers said.

The measure on the fuel clause is one of several that the government will be rolling out in the coming period to deal with high cost of living. Other measures on tap are increased price controls at supermarkets and restaurants.

 

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