Bonaire’s electricity rates will increase on July 1st, 2020.
The variable electricity rates of WEB Bonaire will increase on July 1st, 2020 by USD 0.0052 per kWh. This is the result of a slight increase in fuel costs for the production of electricity. This increase applies to the variable usage rate and the rate for Pagabon.
The fuel costs incurred by ContourGlobal Bonaire (CGB) for the production of electricity are passed on to the customers of WEB. WEB emphasizes that no margin is charged on these fuel costs. Due to unforeseen circumstances, CGB has had to switch temporarily from the usual fuel to an alternative (more expensive) fuel. The effect of this on the variable usage rate as of July 1st, 2020 has remained limited, because the purchase price for this alternative fuel has also dropped as a result of the Corona crisis. According to the BES Electricity and Drinking Water Act, cost developments can lead twice a year to an adjusted variable usage rate for electricity, namely on July 1st and January 1st.
The Authority for Consumers and Markets (ACM) has developed a model for these adjustments, as a result – an increase of USD 0.0052 per kWh as of July 1st, 2020 – has been set on June 18, 2020. Based on this, the following new variable electricity rates apply as per of July 1st, 2020:
- Variable usage rate (postpaid): USD 0.2277 per kWh (subsidy from the Ministry of Economic Affairs, including the temporary COVID-19 measure, is included in the fixed usage rate).
- Pagabon rates (prepaid): ACM rates (USD 0.4380) minus subsidy EZK (including the temporary COVID-19 measure), the new tariff will be: USD 0.2277 per kWh.
The adjusted rate will be visible on invoices from August 2020 (with a start date for consumption in July and an end date in August). For prepaid based users (Pagabon), the adjusted rate is immediately visible as of July 1st, 2020. The fixed usage rate will not be adjusted. This rate will remain completely subsidized and at zero up to and including December 2020 due to the temporary COVID-19 measure.
A summary of the rates can be viewed (in PDF format). The full electricity tariff valid from July 1st, 2020 can be found on www.webbonaire.com.