Home
SiteLock
Decision and Order BL&P Fuel Hedging Programme PDF Print
Active Image
 
DECISION
THE BARBADOS LIGHT & POWER COMPANY LIMITED APPLICATION FOR APPROVAL TO IMPLEMENT A FUEL HEDGING PROGRAMME AND TO APPLY THE RESULTS AND COSTS OF HEDGING TO THE CALCULATION OF THE FUEL CLAUSE ADJUSTMENT
 
On October 21, 2021, the Fair Trading Commission issued its Decision on the Barbados Light & Power Company Limited (BL&P)’s Application for approval to implement a fuel hedging programme and to apply the results and costs thereof to the calculation of the fuel clause adjustment (FCA).
 
The Decision sets out the terms and conditions under which the BL&P is allowed to implement said fuel hedging programme and apply the results and costs of the programme to the FCA.
  • The Commission has determined, inter alia, that:
  • The duration of the pilot fuel hedging programme shall not exceed twenty-four (24) months (2 years);
  • The pilot fuel hedging programme shall be limited to no more than 40% of fuel volumes being hedged;
  • The results and costs associated with the said pilot fuel hedging programme shall be shared evenly (50/50) between the BL&P and the consumer;
  • The Commission reserves the right to audit the pilot hedge programme on a quarterly basis or on such basis as the Commission deems fit.
Copies of the Decision may be accessed online at www.ftc.gov.bb
 
 
Marsha Atherley-Ikechi, Ph.D.
Chief Executive Officer (A.g.)
 
< Prev   Next >