Stephen Worme News Today

The Barbados Renewable Energy Association (BREA) just hosted their 10th Annual General Meeting (AGM) and elected its new Board of Directors for the period 2023…

INTERVENOR SIDES WITH BLPC, SUPPORTS STAY By Emmanuel Joseph Another intervenor is supporting a request by the Barbados Light and Power Company (BLPC) for a stay of the Fair Trading Commission’s (FTC) order to have it re-adjust the proposals it submitted for an increase in its basic rate. The latest backing for the suspension of the FTC’s February 15, 2023 order came on

Barbados Light and Power Company (BLPC) customers will have to wait a few more months to know whether they will have to pay higher electricity rates.At the conclusion of a 15-day Fair Trading Commission (FTC) hearing on the utility company’s application for a hike in basic electricity rates on Friday, tribunal chairman Dr Donley Carrington told Barbados TODAY customers should not expect a ruling before December.He explained that the panel had to wade through “tons” of oral and written info...

The Barbados Light and Power Company (BLPC) wants utility regulators to allow it to recover more of its fixed costs by charging consumers a fixed rate.The announcement was made on Thursday by the Manager of Regulatory Affairs Dr Adrian Carter as he testified before the Fair Trading Commission (FTC) on day 12 of a hearing for a basic electricity rate increase for customers.While being questioned by the lead attorney for the BLPC Ramon Alleyne, King’s Counsel, Dr Carter told the panel of commiss...

The Barbados Light and Power Company (BLPC) told the utility regulators on Tuesday that the Fair Trading Commission’s (FTC) records which show an excess of $32 million in accumulated depreciation rates charged to customers are incorrect and need to be fixed.Director of Finance Ricaido Jennings told this to the panel hearing the BLPC’s application for a basic rate increase for electricity. While Jennings, who was being questioned by the chairman of the proceedings Dr Donley Carrington, agree...

The COVID-19 virus has struck at the electricity rate hearing on Monday forcing all of the intervenors, the lead attorney for Barbados Light and Power Company (BLPC) Ramon Alleyne, KC, and some senior members of staff to go online for the session.They joined the proceedings via Zoom after the Fair Trading Commission (FTC), which is hearing the BLPC’s application for a basic rate increase, agreed to conduct the case using a hybrid format. The decision to go online came after several intervenors...

The Barbados Light and Power Company’s Director of Finance has suggested that it is likely to go back to the regulators for a new rate hike if it is unable to get the 12.5 per cent increase being sought now.Ricaido Jennings put this position to the Fair Trading Commission’s rate hearing on day eight of the proceedings which are considering a request from his company for an increase in electricity rates.Jennings was testifying on Friday when he defended the possibility of seeking another hike...

Specialist Robert Goodridge is the new president of the Barbados Renewable Energy Association Inc. (BREA). Goodridge is a renewable energy specialist with local and international certification in renewable energy with emphasis on solar photovoltaic systems and replaces Khalid Grant. BREA staged its ninth annual general meeting (AGM) on Monday, August 15, and Goodridge was elected to the post following the address of the featured speaker, Senior Minister and Minister of …