{"id":330628,"date":"2024-10-10T22:20:24","date_gmt":"2024-10-11T02:20:24","guid":{"rendered":"https:\/\/dominicanewsonline.com\/news\/?p=330628"},"modified":"2024-10-10T22:20:24","modified_gmt":"2024-10-11T02:20:24","slug":"domlec-customers-should-expect-an-increase-in-rates-this-month-says-companys-cfo","status":"publish","type":"post","link":"https:\/\/dominicanewsonline.com\/news\/homepage\/homepage-carousel\/domlec-customers-should-expect-an-increase-in-rates-this-month-says-companys-cfo\/","title":{"rendered":"DOMLEC customers should expect an increase in rates this month, says company’s CFO"},"content":{"rendered":"

\"\"<\/p>\n

Customers of the Dominica Electricity Services (DOMLEC) \u00a0will experience an increase in their electricity effective this month.<\/p>\n

This was according to Chief Financial Officer Clyde Edwards.<\/p>\n

\u201cDOMLEC [bills] customers based on classes. We have five main classes, being domestic, commercial, industrial, [and] hotel,\u201d he said. \u201cSo the bill is based on customers’ usage per kilowatt hour and the rates vary between domestic having the lower rate as expected.\u201d<\/p>\n

According to him, the commercial, hotel, and rates industrial are slightly higher.<\/p>\n

Edwards explained that the fuel surcharge is computed based on the fuel that is used.<\/p>\n

\u201cWhen the IRC is looking at the cost per kilowatt hour to the customer, they look at all our expenses that qualify,\u201d he explained. \u201cHowever, they do not consider fuel because fuel fluctuates. So the fuel cost is treated as a separate item\u201d<\/p>\n

Edwards explained further that 95 percent of the monthly fuel cost is collected via the fuel surcharge mechanism.<\/p>\n

\u201cDOMLEC traditionally absorbs 2.5 percent of that fuel cost as part of its operating expenditure,\u201d he stated.\u201d<\/p>\n

He advised customers that the Independent Regulatory Commission (IRC) has approved 100 percent pass-through of the company fuel cost to the customer.<\/p>\n

He continued, \u201cSo customers will experience an increase in their fuel surcharge of less than 2 cents per kilowatt hour effective from the October billing.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Customers of the Dominica Electricity Services (DOMLEC) \u00a0will experience an increase in their electricity effective this month. This was according to Chief Financial Officer Clyde Edwards. \u201cDOMLEC [bills] customers based on classes. We have five main classes, being domestic, commercial,…","protected":false},"author":13,"featured_media":283098,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[235,9],"tags":[],"class_list":["post-330628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage-carousel","category-news"],"acf":[],"yoast_head":"\nDOMLEC customers should expect an increase in rates this month, says company's CFO - Dominica News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dominicanewsonline.com\/news\/homepage\/homepage-carousel\/domlec-customers-should-expect-an-increase-in-rates-this-month-says-companys-cfo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DOMLEC customers should expect an increase in rates this month, says company's CFO - Dominica News Online\" \/>\n<meta property=\"og:description\" content=\"Customers of the Dominica Electricity Services (DOMLEC) \u00a0will experience an increase in their electricity effective this month. This was according to Chief Financial Officer Clyde Edwards. \u201cDOMLEC [bills] customers based on classes. 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