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Jan 3, 2019

Another Increase in Electricity Rates in June?

Ambrose Tillett

While consumers are beginning to feel the pinch post the Christmas shopping spree, another rate increase is expected in June when B.E.L. will attempt to recover an additional eleven million dollars that it would have spent on purchasing power from Mexico. It would mean three increases in one year. Director Tillett explains.

 

Ambrose Tillett, Director of Electricity, P.U.C.

“The basis for the objection, at least that is what is given in the press release, is that B.E.L. in their submission is saying that they only need to recover at this time, at this time, eighteen point nine million dollars from customers which would reimburse B.E.L. for increase costs of purchase power above and beyond what was approved by the commission for them to recover from the customers.  Bear in mind, you noticed I used the words “at this time” because in their actual submission, B.E.L. is saying to us, they expect these elevated levels of cost of power above what was approved by the commission will continue into next year.  And B.E.L. in their submission is saying to us that these increases would add another eleven million dollars on top of the eighteen point nine million that they have already asked us to put in the rates.”

 

Isani Cayetano

“To put it simply, for the average person who is trying to follow along this evening.  In one year we’ve realized two rate increases, so that are we to expect a third come June 2019 to recover the eleven million dollars in question?”

 

Ambrose Tillett

“If you use B.E.L.’s submission as a basis because, remember by law, every rate increase must have a rationale, it must be justified.  So I am saying, if look at the rationale that B.E.L. is using, yes, that is what would happen based on the number, based on their projections, based on what has happened and based on what they expect to happen in the future, then you can reasonably expect that that would happen.”


Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

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