Grand Bahama Power recovers the amount it spends on fuel through a Fuel Surcharge.
The Fuel Surcharge for January 2012 is 22.72 cents per kWh.
The fuel surcharge is determined each month based on two factors:
- The actual cost Grand Bahama Power paid for the fuel it is now burning; and,
- The amount of fuel Grand Bahama Power uses in that month to produce electricity.
The total amount (cost x amount used) is divided by the total kWh’s used on the island during that month to arrive at a cent per kWh cost (¢/kWh) that is charged to each customer.
- 2011 Average Fuel Surcharge: 20.6981 ¢/kWh
- 2010 Average Fuel Surcharge: 14.6139 ¢/kWh