A RUSHED DECISION which will result in electricity rate increases for Barbadians.
That is how intervenor Senator Tricia Watson has described the Fair Trading Commission’s (FTC) ruling on Barbados Light & Power Company Limited’s (BL& P) application for pre-approval of investments and cost recovery through the clean energy transition rider.
The attorney urged consumers not to believe “the FTC has saved us from a rate increase”.
“Most households will bear all of the cost burdens, which will be tremendous and will reap none of the benefits which will, frankly, make some elite players very wealthy at the expense of ordinary consumers,” she added.
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