FTC dismisses BLPC rate review
Channel: Barbados Today
Date: 2023-11-20

The Fair Trading Commission has thrown out the Barbados Light and Power Company’s request to vary its February 15, decision on its rate hike application.

Speaking at a press conference on Monday afternoon, chairman of the FTC rate hearing Dr Donley Carrington also announced that the final electricity rates will therefore be made known to the public before Christmas.

Among other things, the FTC ruled in February that the BLPC would not be granted the 8.79 per cent rate of return it was asking for. Instead, the company was given 7.47 per cent and Dr Carrington said on Monday that would remain.

📸: Haroon Greenidge