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Electricity Goes Up!

Electricity Goes Up!

How do you feel about the almost 50% increase in the Electricity Bill? It is amazing how this country structures its' prices. They go from 0%-50% in one kill. Maybe they have learnt well with Robinson who introduced 0% to 15% VAT in one go.

Up Electricity

I haven't lived in T&T for a while, but what I do remember was that at least once a week, we did not have electricity. If this is still the case in most places around the country, then I would seriously question what this increase is for. A 50% increase in electric bills is almost unheard of; people in the US were asking for blood when they thought heating costs would rise 3-5%. I feel sorry, most of all, for the working class people in T&T who have no choice but to pay these exorbitant bills, because we all know the families will be the ones to suffer from it in the long run.

Electricity Goes Up! Caribbean / Tobago & Trinidad

T&TEC thwarted?

The newspapers reported that T&TEC as of October 2008 had some TT$1 billion in outstanding debt-information presented by T&TEC to the Public Accounts (Enterprises) Committee of Parliament. This included monies owed to NGC for natural gas normally supplied at a subsidised rate to T&TEC; further, that 75 per cent of T&TEC's revenue is paid to Powergen and Trinity Power, and to NGC. It was also reported that T&TEC claimed that though sales and customers increased, it is selling electricity below cost! This is despite the recent prescription of a pricing structure for T&TEC's customer classes by the Regulated Industries Commission (RIC). Ref. Source 9

Up Electricity

The price of electricity in Trinidad & Tobago is going up again. From what I understand T&TEC is supposed to raise the price over the period of five years - to what final figure I do not know.