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Your Electricity Service Level PDF Print

Printed in the "Business Monday" newspaper on December 28, 2009

Towards the end of 2008 the Fair Trading Commission (Commission) issued Standards of Service consultation papers on electricity and telecommunications. This article will focus on the performance of the Barbados Light & Power Company Ltd. (BL&P) under the Standards of Service for the year 2008/2009.

The Commission established Guaranteed and Overall Standards of Service for the BL&P in June 2006. The eight Guaranteed Standards are criteria under which each customer that is affected by the company’s inability to meet a given target is eligible for compensation. Overall Standards assess the company’s performance on a national level and do not have a compensatory component. There are five Overall Standards.

Barbados Light & Power Co. Ltd Rate Review - the Intervenors PDF Print

When the Barbados Light and Power Company Limited (BL&P or Applicant) applied to the Fair Trading Commission for a review of electricity rates, the Commission in addition to advising the public about the rate application invited persons who were interested in participating in the rate review process to apply to be an intervenor.

Principles for Setting Rates PDF Print

Printed in the "Business Monday" newspaper on July 27, 2009

Electricity, telecommunications, water and sewerage, natural gas and transportation services are commonly referred to as public utilities. These industries (with the exception of transportation and some telecommunications services) have tended to operate in a monopoly environment so regulation was considered important in view of their value to both consumer and economic welfare.


Determining Utility Rates PDF Print

Printed in the "Business Monday" newspaper on June 1, 2009

The Fair Trading Commission (Commission), under its governing legislation, has been charged with utility regulation functions which include establishing principles for arriving at rates to be charged, monitoring the rates charged to ensure compliance, and setting the maximum rates for regulated utility services.

Approval of the Issue of Securities by Regulated Companies PDF Print

Printed in the "Business Monday" newspaper on September 7, 2009 

The Fair Trading Commission is responsible for the regulation of utility services. This primarily involves the setting of rates, establishing standards of service and resolving complaints regarding telephone and electricity services of Cable & Wireless (Barbados) Limited (C&W) and Barbados Light and Power Company Limited (BL&P), respectively. There are, however, other less known areas for which the Commission is also responsible such as the approval of securities, the imposition of fines and penalties for non-compliance with Commission orders and the joint use of equipment. Today we will focus on the approval of securities. 

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