Last Updated on Friday, 06 July 2012 19:41 Written by PNC Saipan Correspondent Mark Rabago Friday, 06 July 2012 08:04
Guam News - Guam News
Saipan - As promised, the Commonwealth Utilities Corp. cut power rates beginning today by approving a 10.8-percent decrease in the current levelized energy adjustment clause.Dim lights Embed Embed this video on your site
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.
| < Prev | Next > |
|---|
