Miss Sharon Deane News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Fair Trading Commission’s (FTC) sometimes competing roles of regulator on one hand and advocate on the other, have come sharply into focus during the on-going application by the Barbados Light & Power Company (BL&P) for an increase in electricity rates.Much to the chagrin of consumers, the FTC has already granted the Canadian-owned power supplier an interim increase, until a final decision is made on the substantive request.Any business will try to extract the highest level of returns for its products or services, but a utility company is a special animal because the good that it is selling is a necessity for the proper functioning of a modern society such as ours.Importantly, any further increases in the cost of electricity will have a negative ripple effect throughout the economy as this recurring cost will be passed on by most enterprises and will likely result in increased costs across the board. ....

Sharon Deane , David Simpson , Ramon Alleyne , Tricia Watson , Office Of The Public Counsel , Barbados Light Power Company , Barbados Association Of Retired Persons , Office Of Public Counsel , Fair Trading Commission , Public Counsel Office , Barbados Light , Power Company , Attorney At Law Tricia Watson , Public Counsel , Miss Sharon Deane , Barbados Association , Retired Persons , Miss Deane , High Courts ,