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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 information from the BLPC, the five intervenors, the Public Counsel and various witnesses before reachin...
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 commissioners that the proposal, if granted, would send a more accurate price signal to consumers and also ...
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, agreed that the records should be reconciled, he disagreed about where the adjustments ought to be made....