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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 reaching a decision.All the intervenors gave closing arguments on Friday, except the team of Tricia Watson and David Simpson who have decided to include their comments in the additional written submissions which all parties are required to hand into the FTC by October 28.Lead attorney for the power company Ramon Alleyne, King’s Counsel was the first to present, contending in his near one-hour submissio
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 engender greater equity among customers.He also provided the commission with details of how domestic customers will be protected.“We are protecting domestic service customers at a number of levels. At the first level is the allocation of total revenue requirement among the domestic customer classes. We have taken the decision not to require the full cost of service recovery from the domestic ser
Adjournment application dismissed on Day One of BL&P S rate hearing barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.