Barbados Light & Power Company Limited (BL&P) is about to face off against intervenors intent on stopping its quest for an electricity rate increase.
The Fair Trading Commission (FTC), which is currently adjudicating an application for an interim tariff hike, has set August 25 as the start date of the public hearing for the substantive application.
That date is more than ten months after BL&P applied for the rate increase, with sources involved in the process saying the hearing is scheduled to run for 12 business days.
While BL&P continues to defend the application for its first rate hike since 2010, a group of eight FTC-approved intervenors is pushing back against the effort, including the interim rate.
As proposed in the BL&P application, Barbadian households would pay increases ranging from 33 per cent to 43 per cent, in addition to a base energy charge increase of between 12 per cent and 25 per cent. This equates to a $46.5 million increase in revenue for the company. (SC)
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