{"id":10779,"date":"2011-08-04T08:35:16","date_gmt":"2011-08-04T12:35:16","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=10779"},"modified":"2011-08-04T09:20:26","modified_gmt":"2011-08-04T13:20:26","slug":"bec-attempts-to-justify-high-and-rising-costs","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2011\/08\/bec-attempts-to-justify-high-and-rising-costs","title":{"rendered":"BEC Attempts To Justify High And Rising Costs"},"content":{"rendered":"<p>FREEPORT &#8211; As Bahamian consumers continue to see a rise in their electricity cost, BEC chairman Michael Moss discussed the distinction of a fuel charge imposed by BEC and a fuel surcharge imposed by the Grand Bahama Power Company.<\/p>\n<p>He noted that prior to the mid-1970 electricity tariffs reflected neither a fuel charge nor fuel surcharge as today.<\/p>\n<p>Mr Moss said because the price of oil was stable back then, the cost of fuel was embedded in the tariff.<\/p>\n<p>He explained that the energy charge in that component of the bill needed to recover the cost of capital expansion, repairs and maintenance, salaries, and other expenses, and a fuel charge &#8211; the total cost of fuel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEC&#8217;s budget-crippling bills and monumental surcharges have many households struggling to keep the power on only to be left in the dark anyway due to the monopoly&#8217;s inability to manage their own equipment.<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[90,212],"class_list":["post-10779","post","type-post","status-publish","format-standard","hentry","category-business","tag-bec","tag-utilities"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/10779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=10779"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/10779\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=10779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=10779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=10779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}