The Virgin Islands Water and Power Authority has reset rates for the first six months of 2015 to 39.1 cents per kilowatt hour, down from 48.6 cents.
The decrease is thanks to the worldwide drop in fuel costs, and WAPA’s forecast for savings from its switch to propane starting this year.
“We are pleased to pass along these initial cost savings to our customers, and look forward to further rate decreases as our propane conversion project becomes fully implemented,” said WAPA executive director Hugo Hodge, Jr. in a statement.
You can read WAPA’s announcement here.
And watch an animation of its propane conversion project with partner Vitol below…