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LONGER WAIT - Barbados Today

LONGER WAIT - Barbados Today
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BARP objects to delay in FTC electricity rate hearing

BARP objects to delay in FTC electricity rate hearing
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Marsha atherley ikechiEmmanuel josephFair trading commissionHigh courtBarbados association of retired personsPower companyBarbados associationRetired personsMarilyn rice bowenBarbados lightRamon alleyneExecutive officer dr marsha atherley ikechi

The Barbados Association of Retired Persons (BARP) has formally filed its objection to the request by the Barbados Light and Power Company (BLPC) for an adjournment in the ongoing rate hearing. BARP President Marilyn Rice-Bowen said the request was “unacceptable” and that BARP members were “already struggling to pay the increased interim rates”. Rice-Bowen also noted that last year, the Fair Trading Commission (FTC) denied BARP's request for an adjournment …

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FTC SAYS NO - Barbados Today

Barbados Light and Power Company (BLPC) customers will not have to pay as much for electricity as the utility provider wanted.However, they will have to wait until sometime next month to find out exactly how much of an increase they will be forced to pay.The Fair Trading Commission (FTC) announced Wednesday that the rate of return that the BLPC used to calculate a new requested base rate had been thrown out by the regulatory agency and the power company will have to make some adjustments.“The rate of return on the rate base of 8.79 per cent, is denied. The commission approves a rate of return of 7.47 per cent to be used in the computation of the revenue requirement,” chairman of the FTC rate hearing panel Dr Donley Carrington said at a press conference held at the commission’s Green Hill, St Michael headquarters.He explained that having refused to approve a series of requests on which the company relied to determine the 8.79 per cent rate of return, the FTC ordered BLPC to return

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FTC needs more time to decide on BLPC s request for a rate hike

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

Trevor browneKevin kd websterMarsha atherley ikechiRamon alleyneCoalition of concerned cooperativesCaribbean courtSelf insurance fundBarbados sustainable energy cooperative societyFair trading commissionPower companyBarbados lightExecutive officerConcerned cooperativesRetired lieutenant colonel trevor browneInsurance fundLegal counsel