The basic tariff for electricity has been reduced.  Starting with bills for February and continuing the remainder of the year, the basic electricity tariff will be 2.6 cents less than the tariff for 2013.

The basic tariff is what LUCELEC customers pay per unit of electricity without the fuel surcharge. It is reviewed in January of every year in accordance with the Electricity Supply Act and reflects the average price of fuel for the preceding 12 months. 

For the first half of 2013 LUCELEC customers paid less per unit of electricity than they did last year.  So says LUCELEC Corporate Communications Manager Roger Joseph.

The reduced rate is due to a drop in the fuel surcharge applied to every unit of electricity sold.  Joseph says since February the fuel surcharge has been negative resulting in a tariff reduction for customers.