In keeping with N.V. GEBE tradition, every 4th quarter management reviews the preliminary financial figures to see if a relief is possible to our consumers.
This year is no different than previous years. Based on th projected financial figures for the 2011 financial year, management submitted a proposal for relief to the Supervisory Board of Directors for their approval.
The financial projection revealed that there is sufficient room to grant a relief on the fuel clause of Ang. 15 cents/kWh. The proposal was unanimously approved by by the Supervisory Boarf of Directors to reduce the fuel clause from Ang. 42cts/kWh to 27cts/kWh for the December Bills.
Hoping to have informed you sufficiently and that you may have a joyous Christmas and a Happy New Year.