The Guam Power Authority last night recommended a 10 percent reduction in the price it charges for fuel on your monthly power bill.
The Consolidated Commission on Utilities meets next week on Tuesday to consider GPA’s proposed reduction of its fuel surcharge, also called the Levelized Energy Adjustment Rate (LEAC).
If they approve, it would take effect on Feb. 1 and monthly residential power bills could drop between $16 and $24 dollars.
CCU member Simon Sanchez told NewsTalk K57’s Patti Arroyo this morning that recent reductions in crude oil prices prompted the utility to lower the rate.
“The recommendation from management and I believe the CCU will adopt this on Tuesday, is to reduce the LEAC 0.4 cents a kilowatt-hour to 13.8. It’ll produce about a 6 percent reduction in your bill. So if you’re using 1,000 kilowatt hours, it’s about 16 bucks a month. If you’re using about 1500 that’ll be about $24 a month,” Sanchez said.
If the CCU signs off on GPA’s recommendation, the proposed reduction goes on to the Public Utilities Commission for final approval.