The St. Lucia Chamber of Commerce, Industry and Agriculture successfully hosted a member engagement session with St. Lucia Electricity Services Ltd. (LUCELEC) on June 3, 2026, providing Chamber members with an opportunity to gain a deeper understanding of the recent increase in the electricity fuel surcharge and its implications for businesses across Saint Lucia.
Held at the Chamber conference room in Bois D’Orange, the session attracted strong participation from members representing a wide cross-section of the private sector. The engagement was organized in response to concerns raised by businesses regarding escalating electricity costs and the impact of rising energy expenses on operational efficiency, competitiveness, and overall cost of doing business.
During the session, LUCELEC representatives provided a detailed overview of the fuel surcharge mechanism, explaining how the surcharge is calculated, the factors that influence fluctuations in fuel prices, and the relationship between global energy markets and local electricity costs. Participants also had the opportunity to ask questions, share concerns, and engage in constructive dialogue regarding current and future energy challenges facing the business community.
LUCELEC reminded the Business Community that the Electricity Surcharge had been negative over the last two years because global fuel prices had been declining. The recent spike in oil prices, has indcicated that the surcharge has now become positive, resulting in an increase. The uncertainty and instability in the Middle East were the major contributing factors.
The Meeting highlighted the need for decisive action by Government to introduce the new Electricity Supply Act and accompanying regulations, which are expected to help usher in the greater use of renewable energy and thus less dependence on fossil fuel.
The Chamber welcomed LUCELEC’s continued commitment to transparency and stakeholder engagement, noting that LUCELEC has consistently demonstrated its willingness to engage with the private sector on issues of national importance. Over the years, the company has participated in several Chamber-hosted discussions, including consultations on renewable energy development, electricity sector reform, and the Draft Electricity Supplies Bill.
The Chamber extends its sincere thanks to LUCELEC and all members who participated in the discussion and contributed to a productive exchange of ideas.