The Regulated Industries Commission (RIC) is at the final stage of its Trinidad and Tobago Electricity Commission (T&TEC) rate review process.
This means that members of the public will soon learn how much more they will have to pay for electricity.
According to a GML report, the RIC met with more than 22 special interest groups, and received comments from numerous other stakeholders and private citizens on its Draft Determination.
The commission said, “The RIC is currently at the final stage of the Price Review Process as it continues to review the many helpful, but competing requests and comments made during its consultations regarding the Price Review for T&TEC.”
“The RIC does not have a clear estimate of a completion date for the release of the Final Determination as extensive research is currently being done into the many comments and suggestions received on the Draft Determination.”
They told the media house that after the Final Determination report is released, T&TEC will be guided by the RIC’s decisions, including adjustments to tariffs and other directives, inclusive of those related to quality of service, as contained in its Final Determination.”
RIC chairman Glenn Khan had said if rates are not increased, then T&TEC will be unable to cover the cost it spends to provide its services over time and the quality of service will diminish.