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The Saipan Tribune reports that the clause, also called LEAC, will go down from the current rate of 29 cents per kilowatt-hour to 26 cents per kWh effective today, July 6.
On average, the utilities company said, residential customers using up to 500 kWh monthly will enjoy savings of about $12 on their monthly bill.
LEAC is part of the customer's bill that reflects the cost of fuel. It is supposed to go up or down to reflect the cost of buying fuel to run the power plants. The other element of the bill is the electric base rate.
CUC last reduced its LEAC rate on June 5. The continuing decline of fuel prices in the world market has also prompted oil companies in the CNMI to cut their pump prices.
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