Barbados Light & Power Company Ltd. customers should start seeing an increase in their electricity bills as the interim rate takes effect.In a brief statement today, the utility company issued a reminder that the interim rate increase granted by the Fair Trading Commission (FTC) took effect on September 16.At the same time, the company, which is currently engaged in a rate hearing as it seeks an 11.9 per cent increase, is giving the assurance that should it receive a rate hike that is lower than the interim rate of 5.95 per cent, customers would be reimbursed.“The Barbados Light & Power Company Limited is announcing that in accordance with the Fair Trading Commission’s decision, which became effective September 16, 2022, the Commission determined that Light & Power’s request for interim rates has been approved, at a cap of 50 per cent of the requested rates for all customers, with the exception of rates to be charged to Light & Power employees for whom 100 per cent of the rate requested is approved,” said the company.As a result, customers billed from September 16, 2022 will see the new rates reflected in their bills, the company said.
