It’s been 17 years since the Trinidad and Tobago Electricity Commission (T&TEC) has increased its rates which currently stand at approximately 0.354 a kilowatt hour.
The Minister of Public Utilities Marvin Gonzales said after several consultations across the country, the Regulated Industries Commission (RIC) was ready with its review of T&TEC rates.
However, the company was adamant that a rate increase was necessary if T&TEC was to be financially sustainable.
Several customers told Guardian Media that they saw an increase in their light bills as they tried to stay cool during the recent hot spells.
One D’Abadie resident said in April her bill was $1,659.
She said the next billing cycle for her household in June showed a cost of $1,909 and in August her bill was $2,209—$300 more.
She anxiously awaits the next bill.
This country currently has the lowest electricity rate in the region. Calculating in T&T currency, in Jamaica a kilowatt-hour costs TTD2.23.
In Barbados, using local currency, the electricity rate is TTD$1.90 and in St Vincent it is TTD$1.63.
A check and calculation on T&TEC’s website showed that using a 17.5 cubic foot refrigerator for 20 days at this country’s rate will cost a customer $90.48.
If that refrigerator was plugged in Jamaica for the same time frame, it would cost approximately TTD$776.04, in Barbados TTD$661.20 and in St Vincent and the Grenadines TTD$567.24.
Economist Dr Indera Sagewan said people in other Caribbean islands have grown accustomed to the high electricity rates for years and are often provided with solar energy alternatives to help with the costs. She added that the adjustment would be severe for citizens in Trinidad and Tobago.
She said that while people locally were aware that an increase could be coming, it would still have a negative impact on people’s pockets.
“It is a burden obviously even if persons were to cut back on usage—there is still the expectation that your overall bill is going to increase,” she said.
However, Sagewan said she was worried about the middle class who simply could not meet their current expenses.
“The impact is going to be negative on people’s pocket...We’ve been talking about the inflation, the high cost of living and that is going to further exacerbate the cost of food, the cost of transportation the cost of almost everything,” she explained.