CCU approves power rate cut

Guam Power Authority

The Consolidated Commission on Utilities (CCU) on Tuesday approved the Guam Power Authority’s recommendation to lower GPA customer power bills by further reducing the levelized energy adjustment clause on GPA’s customers’ monthly energy statements to $0.110039 /kWh; a decrease of 18.2 percent from the current LEAC rate.

“This recommended lowering of the LEAC is a decrease of approximately 10.7 percent on the overall residential customer bill; such that an average residential consumption of 1000 kWh will see a decrease of approximately $24.43 to that customer’s monthly bill,” said GPA general manager John M. Benavente

“CCU Resolution 2020-08, was voted upon and approved today, to support GPA’s request to take action and further fuel savings to benefit all customers, most especially during this difficult period of the coronavirus outbreak,” said CCU chairman Joey T. Duenas.

Benavente said GPA will next petition the Guam Public Utilities Commission (GPUC) to request the adjustment to lower the LEAC through the remainder of the current LEAC period which is Feb. 1, 2020 through to July 31, 2020.

"GPA hopes that the GPUC is able to address CCU Resolution 2020-08 at its Thursday, March 26, 2020 regular meeting, so that power bill reductions become effective for GPA billings beginning April 1, 2020,” Benavente added. “Amid the worldwide coronavirus pandemic tragedy, declining oil market prices contribute to lowering GPA’s cost for producing electricity. GPA is quickly moving to provide customers immediate relief resulting in lower monthly power bills."