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BL&P seeks FTC green light to lend
Article by May 28, 2021
Light, power, and finance may become the three key services of Barbados Light & Power (BL&P), if the Fair Trading Commission (FTC) approves an application by the electricity company.
BL&P, which is wholly owned by Canadian electricity giant Emera, wants the FTC to grant it permission for a pilot project to lend domestic customers $12,000 or more, to upgrade to energy efficient systems including the installation of solar photo voltaic (PV) packages, air conditioning, LED lighting, among others.
The company is seeking permission to bill borrowers through their monthly electricity bills.