Latest Breaking News On - Fuel clause adjustment - Page 1 : comparemela.com
FTC to review BL&P s fuel cost claim - nationnews com
nationnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationnews.com Daily Mail and Mail on Sunday newspapers.
Intervenor backs Light & Power surcharge move for now
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.
Electric bill late but VAT cut still on
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.
The Barbados Light & Power Company (BL&P) has given its full support to the Government’s decision to maintain a lower Value Added Tax (VAT) rate on electricity until the end of September.The utility company said on Thursday that customers can expect additional savings on their electricity bills.Minister in the Ministry of Finance and Economic Affairs Ryan Straughn announced in Parliament on Tuesday that BL&P’s domestic customers will pay 7.5 per cent VAT on the first 250 kilowatt-hours (kWh), instead of the usual 17.5 per cent rate, for another eight months, extending the arrangement that was put in place from August 1, 2022, to January 31, 2023.According to Rodney Dottin, Manager, Customer Care at BL&P, this represents a monthly savings of about $14, based on February’s Fuel Clause Adjustment (FCA) for customers using a minimum of 250 kWh.
The island’s sole electricity supplier told a rate hearing today that it proposes to cap the bills of 41 000 low-income consumers at $6 per month provided they don’t go over 150 kilowatts per hour of usage.This position was put to the Fair Trading Commission (FTC) panel in the rate adjustment hearing, by the lead attorney for the applicant, the Barbados Light & Power Company (BLPC).In his opening presentation on Thursday, Ramon Alleyne, King’s Counsel (KC), said the number of domestic customers who stand to benefit from this cap has increased by close to 10,000 since the last rate hike in 2010.“The customer charge increase on lower usage blocks will be kept below full cost of service to reduce bill impacts on lower usage customers, many of whom may have low incomes; while the customer charge on the higher usage blocks will be at the cost of service,” the senior attorney submitted.