St. Vincent Electricity Services Limited (Vinlec) has announced an increase in the fuel surcharge rate that will be applied to electricity bills for July 2026.
The new rate is set at $0.8320 per kilowatt-hour, which is an increase from the $0.7378 per kilowatt-hour rate seen in June 2026. This change represents an overall increase of approximately 9 cents per kilowatt-hour.
To help ease the impact of rising fuel costs on its customers, Vinlec applied a subsidy of 734,959 Eastern Caribbean dollars.
The company noted that the fuel surcharge is a pass-through charge used to recover the cost of fuel for electricity generation and that it does not profit from this charge. The applied subsidy was used to lower the surcharge rate for the benefit of the customers.
According to the company, the steady rise in the fuel surcharge during recent months is a direct result of increasing global oil prices.
These price increases are being driven by ongoing geopolitical tensions across the world. Despite the current situation, Vinlec expressed that it remains cautiously optimistic that oil prices will stabilize in the coming months based on current trends in the market.
Vinlec thanked its customers for their continued patience and understanding as it navigates these difficult global market conditions.
