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.
2022-10-03 16:34:05 - VI News Staff
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.