Guam – Good news for rate payers, your power bill isn’t going up. At least not for now. The Guam Power Authority has announced that there will be no change to its Levelized Energy Adjustment Clause, or LEAC.
The LEAC is a fuel surcharge collected by GPA from its customers depending on the international price of oil. It is adjusted every six months to reflect changes in the utility’s fuel costs.
GPA general manager John Benavente said GPA customers can expect to see the fuel recovery charge on their customer energy statements remain stable during the next six-month LEAC period.
The Consolidated Commission on Utilities, during its regular meeting Tuesday night, voted to maintain the current LEAC rate of 15 cents per kilowatt hour for the period August 2019 through January 2020.
Benavente said GPA will continue to explore and evaluate opportunities to reduce operating costs as well as dispatch the more efficient base load units to meet customer demand and reduce reliance on peaking-type generator units.
Benavente added that the next LEAC filing due to the Guam Public Utilities Commission is on June 15, 2019.