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FUEL FACTOR RATE MIMICS WORLD OIL PRICES; LOWER NOW

Providenciales, 26 Nov 2014 – While there are residents making spot of the fact that the fuel factor rate on their electricity bills is higher most times that the actual consumption charge… Fortis TCI is revealing that the continuing downward trend of cost for oil is going to cause another reduction in the fuel factor rate in the Turks and Caicos Islands.

Corporate Communications Manager, Talisha Simons explained: “This decrease reflects in this month’s Fuel Factor calculation. Customers are reminded that the Fuel Factor is based on the price of fuel at the time it is purchased from Sun Oil Ltd., and is subject to fluctuating prices in the world market. While the cost of fuel may remain lower than recent averages, customers are still encouraged to continue practicing energy conservation methods.” Ms. Simons added that Fortis continues to explore other sources of power.

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