Premier announces exemption of fuel surcharge on electricity bill
Hon. Smith said earlier, “Honourable Members [of the House of Assembly] would have all heard their constituents lament on the high electricity bills and especially the fuel variation charge component of those bills.”
He noted that in the prevailing economic conditions those cries have become greater.
The Premier further stated that bearing this and other factors in mind “my government has been examining ways by which we can bring relief to our people, especially at this time when their disposable income is at its lowest”.
“In response to this,” he said, “I am pleased to announce that the government of the Virgin Islands will exceptionally exempt all residential homes from the fuel surcharge on their electricity bill for the month of December of this year and January of 2013.”
He further disclosed that this would effectively reduce the fuel variation charge “by over 8% to each home for 2012 and 2013.”
Earlier the Premier announced a budget of $298.7M for the fiscal year 2013 in the House of Assembly.
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