Maximum rates electricity Caribbean Netherlands decrease slightly by July 1st, 2024
The Authority Consumer & Market (ACM) has set the maximum rates for the distribution of electricity in the Caribbean Netherlands. The rates will decrease slightly from the 1st of July 2024 because prices for the fossil fuels used in the production of electricity have fallen slightly. As a result, an average household on Bonaire will pay about USD 0.60 less per month; for Sint Eustatius and Saba, the electricity bill will be 2 to 3 USD less per month.
Every year in December, the ACM sets the maximum rates for the production and distribution of electricity in the Caribbean Netherlands for the new year. Energy suppliers set the rates they charge residents and businesses based on these maximum rates. To consider fluctuating fuel prices, the ACM adjusts the maximum rates as necessary on July 1st.
The Ministry of Economic Affairs and Climate is subsidising the cost of operating the electricity grid (fixed charge) for all connections to the average European Dutch level. Specifically for small connections, the standing charge will be further subsidised to zero in 2024.
Bonaire
For Bonaire, the maximum variable usage rate decreases slightly from USD0.3575/kWh to USD0.3550/kWh. The maximum ‘pagabon’ rate (prepaid) also decreases slightly from USD0.6371/kWh to USD0.6346/kWh, before application of subsidies on the fixed charge. For the consumption of an average household on Bonaire, this represents a decrease of about USD0.60 per month.
St. Eustatius
For Sint Eustatius, the maximum variable usage rate decreases slightly from USD0.3958/kWh to USD0.3877/kWh. For the consumption of an average household on Sint Eustatius, this represents a decrease of about USD 2 per month.
Saba
For Saba, the maximum variable usage rate decreases slightly from USD0.3810/kWh to USD0.3687/kWh. For the consumption of an average household on Saba, this represents a decrease of about USD 3 per month.