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Drop in global fuel prices brings a significant drop on your ASPA bill

ASPA POWER PLANT
ASPA continues to explore renewable energy options for Am Samoa
reporters@samoanews.com

Pago Pago, AMERICAN SAMOA — Some homeowners, may have noticed a slight drop in the overall cost on their electricity bill for February — compared to late last year —  and it’s a great savings for those who use a lot of electricity.

And the reason, as explained by the American Samoa Power Authority, is the decrease in the February 2023 fuel surcharge, which is due to the drop in global fuel prices.

In a notification issued earlier this month, ASPA explained that the recent decrease in world diesel fuel prices has also meant a reduction in ASPA's electric rates. 

Since the recent spike in September 2022 to about $0.53562 per kWh (kilowatt hour), the February 2023 kWh rate stands at $0.44180 per kWh, according to ASPA.

“The fuel surcharge portion of the rate, that changes with the increase or decrease in cost of diesel, for February 2023 is $0.34440, compared to the recent September 2022 high of $0.43822,” the notification says.

“This is a 27% DROP in the fuels surcharge portion of the electric rate,” ASPA declared.

The power authority points out that it continues to explore renewable energy options for American Samoa with Wind Turbine technology as well as Solar Photovoltaic Panels (PV). 

These two Renewable Energy resources are the only proven technology that will fit within our islands landscape with the limited land and limited flowing water for Hydro Power.

“Until then, we are at the mercy of global fuel market prices and the many challenges faced with shipping and higher costs of materials around the world,” said ASPA.

 Additionally, the impact of the war in Ukraine will continue to cause spikes in future fuel costs around the world and will ultimately affect the cost of electricity in American Samoa.

Samoa News notes that the drop in the costs for fuel globally since December last year, also resulted in the decrease of gasoline and diesel fuel sold at local gas stations.