BEC versus WAPA Fuel Surcharge (LEAC) ???

Lucy · 2011-12-02T20:05:18Z

I've discovered that the Bahamas Electricity Corp. (BEC) has a much lower fuel surcharge than WAPA. Why is that? They have similar generating plants that use fuel oil. And it seems the generating / distribution costs are about the same (... about $0.10 per kWh). The fuel surcharge is tied directly to the price of a barrel of oil.BEC Electric Rates for Generation / DistributionWAPA Bill - ExampleBEC Fuel Surcharge SummaryOil Price Summary for 2011 In Feb. the BEC fuel surcharge was $0.1075 per kWh when the cost of Oil was about $90 per Barrel. With Oil at $100 now, that would mean the BEC surcharge now is about $0.12 per kWh. My last WAPA bill had the LEAC at over $0.30 per kWh. Even if the WAPA LEAC was $0.24 per kWh, why do the WAPA plants use double the amount of fuel per kWh of electricity. Or is the price WAPA is paying too high? Is HOVENSA the only supplier? Tankers go all over the world, so why does WAPA have an "exclusive contract" with Hovensa? Either those guys in the Bahamas are doing something really right OR the USVI is doing something really wrong? OR maybe I am just missing something.

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beachy

(@beachy)

Posts: 631

Honorable Member

they may only attribute 15 cents to the leac equivalent in Bermuda, but the total rate is 40+ cents, not much under the VI...so they just allocate the expenses differently

Posted : December 15, 2011 3:27 pm

Lucy

(@Lucy)

Posts: 297

Reputable Member

Topic starter

beachy. The fuel surcharge in Bahamas is equivalent to Bermuda also. However, I believe the 40 cent rate is made up of:

Generating Operations Cost, T&D, Fuel Surcharge + escrow for equipment replacement. See this video.

http://www.youtube.com/watch?v=_bKMZSU27UA

If WAPA is dumping more into LEAC then they should break it down. Plus I don't think WAPA has the funds to buy new equipment like Bermuda. Some Smells.

Posted : December 15, 2011 4:29 pm

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BEC versus WAPA Fuel Surcharge (LEAC) ???

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