MEDIA RELEASE

 

BARBADOS LIGHT & POWER COMPANY LIMITED RATE REVIEW APPLICATION

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FTC PROCESS CONTINUES

 

With the oral hearing in the Barbados Light & Power Rate Review Application recently concluded, the next phase of the process begins.

 

Dr. Marsha Atherley-Ikechi, CEO- Fair Trading Commission (FTC) explained, “With the oral hearing completed the Commission now awaits the closing statements from the intervenors which, as agreed, are to be submitted by Friday, October 28th, 2022.” She added, “Once this information has been submitted, the Electricity Panel, with the assistance of staff, will begin the process of reviewing all the arguments and evidence presented during the proceeding.”

 

The hearing concluded on Friday, October 14th after 15 days of arguments by seven intervenors and the Applicant. The Commission is expected to take approximately 6 to 8 weeks to assess all the evidence presented and render its decision.

 

 

 

Dated this 21st day of October, 2022