Yes, the global price of oil determines the price of power on island, and when oil prices increase, your power bill will increase as well. However, with a solar energy system on your roof from Micronesia Renewable Energy, Inc., an increase in power rates will not affect you.
Call MRE at 632-2613 or click on the link
https://share.hsforms.com/1FIMGkVozSCuoUnsX2uFdEg3o26bto learn more about solar for your home.