DOMLEC’s Fuel Surcharge Attributable to Increase in Global Oil Prices
The world has been experiencing a steady rise in fuel prices on the international market in recent times, and this movement saw the price increase from $11.74 per gallon in January 2012 to $12.59 in April 2012. Since Dominica is highly dependent on fuel for its electricity generation (approximately 65% of the electricity generated comes from fossil fuel sources), the increases in fuel prices have directly affected our local electricity rates. The high prices paid for fuel by DOMLEC, has therefore impacted the monthly fuel surcharge charged to consumers over the past several months. The fuel surcharge escalation for the …
Petro Caribe Increases its Price Per Gallon of fuel to DOMLEC
The IRC is aware that Petro Caribe has increased its price per gallon of fuel supplied to DOMLEC in the new contract agreed with DOMLEC for the supply of fuel for the next year beginning March 1, 2011. We have been alerted of this fact by both DOMLEC and the Ministry of Public Works, Energy and Ports. While it is likely that there would be some increase in the fuel surcharge, the IRC with the cooperation of DOMLEC is working to minimize the impact of the increase on consumers’ bills. To this end DOMLEC has been advised that the IRC …