Electricity Rates to Increase If Rate Request is Granted

Barbados Light and Power says its residential customers will pay on average twelve dollars more on their light bills if the request for a rate increase is granted. Meanwhile, commercial customers might pay up to 14 percent more but could eventually see a reduction in their electricity costs.

Barbados Light and Power’s Manager of Regulatory Affairs, Dr. Adrian Carter, has been seeking to explain the implications of the rate request. He was speaking during the Barbados Chamber of Commerce and Industry’s virtual meeting on the Barbados Light and Power rate review application.

Dr. Carter stressed the importance of the increase at this time.

He said the company requires urgent relief, and if the application is not accepted, it could find itself in a difficult situation.

Voice of: Barbados Light and Power’s Manager of Regulatory Affairs, Dr. Adrian Carter

Meantime also speaking during the meeting, Director of Customer Solutions at the Barbados Light and Power company limited, Kim Griffith Tang-How said the rate hearings are set to begin next month.