Premier hints BVIEC subsidy may end soon, urges go-green route

The government’s subsidy on the ‘fuel surcharge’ component of consumers’ electricity bills may soon come to an end.

This was the indication given by Premier Dr Natalio Wheatley at a recent press conference over whether his government will continue to subsidise the high electricity rates beyond the end of this year.

The government agreed to offer a subsidy on the electricity bills for residents – 50 percent for the months of October and November and another 100 percent for December – after months of complaints over escalating bills.

It has also consistently been argued by the government that the high cost of fuel has played a significant role in the rising cost of electricity locally.

“I know that people all over the world are experiencing high prices, but certainly I would love to see the price of the electricity be lowered because, of course, it’s only so much subsidisation you’ll be able to do,” Premier Wheatley said.