GBPC Explains Fuel Surcharge

Sun, Aug 7th 2011, 04:41 PM

As part of an ongoing customer education initiative, the Grand Bahama Power Company is clarifying the fuel surcharge portion of the bill to customers. Remarked Whitney Heastie, GBPC VP of Generation, "With the unpredictability of world oil market prices, customers have seen fluctuations in the fuel surcharge component of the bill that has left many confused. We thought it would be beneficial to customers if we took some time to really explain the surcharge and the implications for them."

The customers' bill is made up of two components, the base rate, and the fuel surcharge. The base rate or tariff is the consistent, set cost established by the regulator. The fuel surcharge is a calculated cost that varies each month based on two factors, which are fuel costs and equipment efficiency.

 Sponsored Ads