Barbadians will have to wait longer to find out whether they will have to dig deeper in their pockets to pay for electricity.
The Fair Trading Commission (FTC) said on Thursday that its plan to announce a decision this month on the Barbados Light and Power Company’s (BLPC) request for an increase in basic electricity rates, is no longer possible.
“We have
As the Fair Trading Commission (FTC) deliberates over the Barbados Light & Power Company’s (BLPC) request for a hike in electricity rates, one of the intervenors has served notice that he will take the fight as far as the Caribbean Court of Justice (CCJ) to protect the interests of consumers.Chairman of the Coalition of Concerned Cooperatives and president of the Barbados Sustainable Energy Cooperative Society Limited, Retired Lieutenant Colonel Trevor Browne said on Friday that his fight for a satisfactory outcome relates to two new motions he filed with the FTC after the conclusion of the 15-day public hearing in October this year but within the deadline given for written submissions.The two motions, copies of which have been obtained by Barbados TODAY, call on the commission to have an oral hearing to set a clear dividend policy for the electric company in its pending ruling and to address the BLPC’s Self Insurance Fund (SIF) from which the trustees withdrew some $100 millio
Cooperatives shocked at FTC ruling - Barbados Today 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.