PUC Authorizes Decrease of LEAC; Average Customer to See About $18 Drop in Monthly Bill

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Based on the most updated fuel forecast, the PUC authorized a 9.2 percent drop in the average ratepayers bill and a 17.4 percent decrease in the LEAC for the average residential customer. According to the PUC, the changes will be effective as of February 1. 

Guam – Residents will see their power bill go down on average about 9.2 percent after the Public Utilities Commission approved a drop in the LEAC rate.

 

According to a PUC order, the decrease would represent an $18.26 drop in the average ratepayers power bill. Back on December 10, the CCU petitioned the PUC for the LEAC to stay the same. However, this petition was based on a fuel forecast for the week of November 24-31, which had fuel at $46.19 per barrel. At last nights meeting, the PUC used a fuel forecast from January 11-15, which indicated a further drop in price to $37.35. Based on the most updated fuel forecast, the PUC authorized a 9.2 percent drop in the average ratepayers bill and a 17.4 percent decrease in the LEAC for the average residential customer. According to the PUC, the changes will be effective as of February 1.