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T&TEC, WASA increase coming in 2016... now 2023?

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby shake d livin wake d dead » March 9th, 2022, 4:16 pm

Wasa rationing water while the dams full and rain falling everyday....sense

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby timelapse » March 9th, 2022, 4:32 pm

shake d livin wake d dead wrote:Wasa rationing water while the dams full and rain falling everyday....sense
Ketch water in a barrel nah, they will charge you extra

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby redmanjp » March 9th, 2022, 5:06 pm

Habit7 wrote:I blame both govts for not incrementally increasing the rates. Because now there will have to be a huge jump. In 2016 when this was brought up, the cry was now was not the right time. Well due to covid-19, now is a worse time but the need to do it is even more.


Image
https://www.meppublishers.com/the-chall ... z6yoOWuEXW


they can do it by increasing the rate of usage beyond a certain amount- e.g. the first 400 kwh of electricity u use u pay the same amount, but the next 500 u pay 30% extra, the next 500 40% more and so on. if u use only 400 kwh u dont pay a cent more. if u running AC day and night expect to pay hundreds more. we need to become more energy efficient.

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby hover11 » May 13th, 2022, 9:03 pm

The Ministry of Education owes T&TEC $130M. This was disclosed by the Minister of Education.



That's just one ministry

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby bluefete » November 30th, 2022, 11:37 am

Buss price in we skin! Read it and weep ( except if you are a PNM red till yuh dead, in which case dey go pay de bill fuh yuh).

Now let me explain something - from reading this article the % increases seem to be for kilowatt usage ONLY. Then there are a host of other proposed charges that will be added onto the bill - customer charge, service deposits, fuel and exchange rate adjustment charges etc.. Non- PNM people will bawl.


T&TEC’s rate proposals revealed
14 hrs ago Comments



The Trinidad and Tobago Electricity Commission (T&TEC) is proposing stiff rate increases over the next five years as the utility seeks to become more efficient and pay off its almost $2 billion debt.

T&TEC’s proposed rate increases, which are watermarked DRAFT, are contained in its business plan for the period 2022 to 2026, which was submitted to the Regulated Industries Commission (RIC) earlier this year.

The RIC was established in 2000 to regulate the cost and service quality of four utilities, comprising T&TEC, the Water and Sewerage Authority, PowerGen and Trinity Power.

For residential customers, T&TEC is proposing rate increases of between 40 to 65.75 per cent in the price of electricity over the five-year period.

For example, a $100 electricity bill could be as much as $165, a $500 electricity bill could be $825 and a $1,000 electricity bill will increase to $1,650.

For commercial and industrial customers, the utility is proposing a massive increase of 128.5 per cent.

For streetlighting and recreation grounds, T&TEC proposes a 134 per cent increase in cost.


T&TEC proposed to have the increase staggered over a five year period for residential, commercial and industrial customers.

The plan was submitted earlier this year to the RIC for a rate review.

The RIC is expected to hold consultations on the proposed rate increases, similar to what is currently being undertaken for the rate review of WASA, before they are finalised.

Proposed rate increases

For residential customers:

Year 1 – 20% to 33%

Year 2 – 10% to 16.50%

Year 3 – 5 to 8.25%

Year 4 – 2.50% to 4%

Year 5 – 2.50% to 4%

For commercial customers:

Year 1 – 68.50%

Year 2 – 34%

Year 3 – 15%

Year 4 – 10%

Year 5 – 5%

For industrial customers:

Year 1 – 68.50% (except C1-C4)

Year 2 – 34%

Year 3 – 15%

Year 4 – 10%

Year 5 – 5%

Streetlighting/Recreation Grounds

Year 1 – 70.49%

Year 2 – 34.00%

Year 3 – 15.00%

Year 4 – 10.00%

Year 5 – 5.00%

Service deposits

Further, T&TEC will introduce service deposits, which it said would be required to minimise the risk of financial loss associated with bad debts arising from the non-payment of bills by customers.

“Such deposits are therefore normally linked to the average size or value of customer bills and is common in the sector in many jurisdictions,” it said.

“It is proposed that service deposits be increased to an average value of two billing periods based on an average monthly kWh consumption per customer (Dec 2020) of 627kWh and 1,361 kWh for residential and commercial customers respectively, and be revised in step with subsequent rate changes or three to five-year intervals,” the plan said.

For residential customers, that could look like $580 (two monthly bills) and for commercial customer, $2,220.10 (two monthly bills).

For industrial customers, it said: “The higher of 75 per cent of the reserve capacity and the minimum consumption of KVA units, to twice this sum.”

Fuel and exchange rate adjustment

Among the new fees, the Commission is also proposing the reintroduction of the fuel and exchange rate adjustment charges to mitigate against the financial risk of the significant impact these charges have on our bottom line and cash flow requirements.

“Fuel charge alone increases the operating cost by approximately $30 million annually as a direct result of the annual 3 per cent escalation in the price. Increases in the volume of gas further increases cost. This cost is not recovered, in the absence of annual rate reviews, with T&TEC being forced to absorb such cost.

“The exchange rate has depreciated since 2006 from $6.31 to $6.78 representing a 7.4 per cent depreciation since the charge was last applied. Again, representing millions of dollars in addition cost to be absorbed by the Commission when there is no rate increase,” T&TEC said.

Customer Charge

The utility proposes to introduce a customer charge, which represents a fixed monthly amount to cover the cost of providing service to a customer’s location. “This charge includes the cost of metering, billing and providing customer service. It is applicable to all customers whether or not electricity is used. With the increase in customer service over the years and the need to more fairly allocate such cost over a larger customer base, customer charge is being proposed to be introduced to industrial customers for the first time, and adjustments made to other categories. This cost has increased by approximately 50 per cent over the period 2008 to 2017 from $74 million to $110 million,” it said.

Subsidy

While the RIC goes through the process of consultations, the Government will have to continue to subsidise T&TEC.

A rate review has been on the cards for many years but has been repeatedly delayed.

The plan noted that the last increase, for the period 2004-2008, followed two years of discussions with all stakeholders with the RIC issuing its final determination on June 1, 2006 for the five-year period 2006 – 2011.

Eleven years later, T&TEC will now embark on a new round of consultations.

T&T enjoys the lowest electricity rates in the Caribbean.

The cost of energy in various Caribbean countries range from as low as US$0.20/kwh to as high as US$0.37/kWh.

In T&T, however, the average subsidised cost, is US$0.05/kWh.

The last increase in electricity was implemented in 2009.

As another rate increase looms, the RIC outlined how it will approach the rate review in its public document, “Framework & Approach for the Price Review for the Electricity Transmission & Distribution Sector (T&TEC) 2021 -2026 Regulatory Control Period.”

The RIC noted that it will be the second time the prices for the electricity transmission and distribution services will be reviewed under the Incentive-based (price-cap regulation) approach.

“The RIC is required to assess T&TEC’s submission of its business plan for the price review against the principles contained in the RIC Act. Specifically, Section 6 (c) of the RIC Act requires the RIC to ensure that “the service provided by a service provider operating under prudent and efficient management will be on terms that will allow the service provider to earn sufficient return to finance necessary investment”.

The RIC must also be satisfied that the interests of customers are taken into account and that prices provide appropriate signals about the cost of providing service.

“T&TEC’s business plan is expected to fully detail its forecasts of expenditure and revenue requirements for the regulatory period. These must reflect efficient costs of supply, and the proposed programme of capital works must be deliverable over the regulatory control period. Further, its forecasts of demand must be reasonable and reflect the best available information,” the document said.

“The draft business plan will inform the early stages of the review process and allows initial analysis of T&TEC’s submission. This Plan sets out detailed descriptions of the information that the RIC requires, including financial information, information on the proposed investment programme and expected outcomes. The RIC will review in detail the information provided and will provide further guidance, if necessary, for the submission of T&TEC’s final business plan, which will constitute T&TEC’s principal submission for the review of charges and will ultimately form the basis of the RIC’s assessment of the revenue requirement of T&TEC for the regulatory control period. “In summary, T&TEC’s Business Plan is a statement of its strategy for the future, and it identifies the objectives and outputs to be achieved,” said the RIC.

https://trinidadexpress.com/business/lo ... 9003e.html

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby death365 » November 30th, 2022, 12:40 pm

grate is the pnm ... aka blame kalma !!!

it was done with vat, gas/diesel property tax etc etc ... a certain population of trinidad- recalcitrant majority ... will vote back the PNM in power no matter wha.
Last edited by death365 on November 30th, 2022, 12:40 pm, edited 1 time in total.

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby redmanjp » November 30th, 2022, 1:07 pm

dat going to cause riot unless they implement it like bases on usage- so say instead of 30%, anyone using less than 500kwh only pays 10% more, the next 1000kwh is charged at 15% more and the next 1000kwh at 30% more. penalize the heavy users- not the rest of ppl.

and while u doing this subsidize the cost of insulation and radiant barriers which can bring down the power consumption of ACs. inverter units too.

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby Rovin » November 30th, 2022, 1:36 pm

exist to pay bills then u die ... GITPNM

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby PariaMan » November 30th, 2022, 1:47 pm

This time we go dead

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby hover11 » November 30th, 2022, 1:51 pm

One reason for these increases is that other govt agencies are owing ttec millions of dollars. When ministries have their lights and Ac units on 24/7 who do you think is footing that bill

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby The_Honourable » November 30th, 2022, 5:18 pm

Correct, as of 2021 government owes T&TEC 1.2 billion but ordinary customers are going to pay for it *clown face*

https://www.guardian.co.tt/news/ttec-ow ... 54f631c837

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby 88sins » November 30th, 2022, 6:01 pm

Well yes, this gonna be good.

I waiting quietly to see whay the people who go feel this the most gonna say.
I eh interested in what they go do, cuz trinis don't do squat much more than bend over and take plick.


First thing to happen is increased prices for EVERYTHING, following which is layoffs across all industries.
Because to cut the cost of production with such a drastic and sudden increase in energy costs, the easiest way to save a dollar is to cut staff labor down to skeleton crew levels.


Allyuh vote fuh dat, take buddy

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby redmanjp » November 30th, 2022, 6:35 pm

^the increase is quite drastic but before they worsen the economy how about turning off lights during the night instead?

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby gastly369 » November 30th, 2022, 6:49 pm

Defuqqqq bill does done be $16-1800

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby Dave » November 30th, 2022, 7:10 pm

Increases are inevitable. The % increase does seem quite high
Everything is going up but as mentioned Peter is paying for Paul and then Paul is paying for all!

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby hover11 » November 30th, 2022, 7:43 pm

redmanjp wrote:^the increase is quite drastic but before they worsen the economy how about turning off lights during the night instead?
This would invite would be criminals to break into offices and even more crime would occur. It's a catch 22

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby paid_influencer » November 30th, 2022, 8:02 pm

bluefete wrote:Buss price in we skin! Read it and weep ( except if you are a PNM red till yuh dead, in which case dey go pay de bill fuh yuh).

Now let me explain something - from reading this article the % increases seem to be for kilowatt usage ONLY. Then there are a host of other proposed charges that will be added onto the bill - customer charge, service deposits, fuel and exchange rate adjustment charges etc.. Non- PNM people will bawl.


T&TEC’s rate proposals revealed
14 hrs ago Comments



The Trinidad and Tobago Electricity Commission (T&TEC) is proposing stiff rate increases over the next five years as the utility seeks to become more efficient and pay off its almost $2 billion debt.

T&TEC’s proposed rate increases, which are watermarked DRAFT, are contained in its business plan for the period 2022 to 2026, which was submitted to the Regulated Industries Commission (RIC) earlier this year.

The RIC was established in 2000 to regulate the cost and service quality of four utilities, comprising T&TEC, the Water and Sewerage Authority, PowerGen and Trinity Power.

For residential customers, T&TEC is proposing rate increases of between 40 to 65.75 per cent in the price of electricity over the five-year period.

For example, a $100 electricity bill could be as much as $165, a $500 electricity bill could be $825 and a $1,000 electricity bill will increase to $1,650.

For commercial and industrial customers, the utility is proposing a massive increase of 128.5 per cent.

For streetlighting and recreation grounds, T&TEC proposes a 134 per cent increase in cost.


T&TEC proposed to have the increase staggered over a five year period for residential, commercial and industrial customers.

The plan was submitted earlier this year to the RIC for a rate review.

The RIC is expected to hold consultations on the proposed rate increases, similar to what is currently being undertaken for the rate review of WASA, before they are finalised.

Proposed rate increases

For residential customers:

Year 1 – 20% to 33%

Year 2 – 10% to 16.50%

Year 3 – 5 to 8.25%

Year 4 – 2.50% to 4%

Year 5 – 2.50% to 4%

For commercial customers:

Year 1 – 68.50%

Year 2 – 34%

Year 3 – 15%

Year 4 – 10%

Year 5 – 5%

For industrial customers:

Year 1 – 68.50% (except C1-C4)

Year 2 – 34%

Year 3 – 15%

Year 4 – 10%

Year 5 – 5%

Streetlighting/Recreation Grounds

Year 1 – 70.49%

Year 2 – 34.00%

Year 3 – 15.00%

Year 4 – 10.00%

Year 5 – 5.00%

Service deposits

Further, T&TEC will introduce service deposits, which it said would be required to minimise the risk of financial loss associated with bad debts arising from the non-payment of bills by customers.

“Such deposits are therefore normally linked to the average size or value of customer bills and is common in the sector in many jurisdictions,” it said.

“It is proposed that service deposits be increased to an average value of two billing periods based on an average monthly kWh consumption per customer (Dec 2020) of 627kWh and 1,361 kWh for residential and commercial customers respectively, and be revised in step with subsequent rate changes or three to five-year intervals,” the plan said.

For residential customers, that could look like $580 (two monthly bills) and for commercial customer, $2,220.10 (two monthly bills).

For industrial customers, it said: “The higher of 75 per cent of the reserve capacity and the minimum consumption of KVA units, to twice this sum.”

Fuel and exchange rate adjustment

Among the new fees, the Commission is also proposing the reintroduction of the fuel and exchange rate adjustment charges to mitigate against the financial risk of the significant impact these charges have on our bottom line and cash flow requirements.

“Fuel charge alone increases the operating cost by approximately $30 million annually as a direct result of the annual 3 per cent escalation in the price. Increases in the volume of gas further increases cost. This cost is not recovered, in the absence of annual rate reviews, with T&TEC being forced to absorb such cost.

“The exchange rate has depreciated since 2006 from $6.31 to $6.78 representing a 7.4 per cent depreciation since the charge was last applied. Again, representing millions of dollars in addition cost to be absorbed by the Commission when there is no rate increase,” T&TEC said.

Customer Charge

The utility proposes to introduce a customer charge, which represents a fixed monthly amount to cover the cost of providing service to a customer’s location. “This charge includes the cost of metering, billing and providing customer service. It is applicable to all customers whether or not electricity is used. With the increase in customer service over the years and the need to more fairly allocate such cost over a larger customer base, customer charge is being proposed to be introduced to industrial customers for the first time, and adjustments made to other categories. This cost has increased by approximately 50 per cent over the period 2008 to 2017 from $74 million to $110 million,” it said.

Subsidy

While the RIC goes through the process of consultations, the Government will have to continue to subsidise T&TEC.

A rate review has been on the cards for many years but has been repeatedly delayed.

The plan noted that the last increase, for the period 2004-2008, followed two years of discussions with all stakeholders with the RIC issuing its final determination on June 1, 2006 for the five-year period 2006 – 2011.

Eleven years later, T&TEC will now embark on a new round of consultations.

T&T enjoys the lowest electricity rates in the Caribbean.

The cost of energy in various Caribbean countries range from as low as US$0.20/kwh to as high as US$0.37/kWh.

In T&T, however, the average subsidised cost, is US$0.05/kWh.

The last increase in electricity was implemented in 2009.

As another rate increase looms, the RIC outlined how it will approach the rate review in its public document, “Framework & Approach for the Price Review for the Electricity Transmission & Distribution Sector (T&TEC) 2021 -2026 Regulatory Control Period.”

The RIC noted that it will be the second time the prices for the electricity transmission and distribution services will be reviewed under the Incentive-based (price-cap regulation) approach.

“The RIC is required to assess T&TEC’s submission of its business plan for the price review against the principles contained in the RIC Act. Specifically, Section 6 (c) of the RIC Act requires the RIC to ensure that “the service provided by a service provider operating under prudent and efficient management will be on terms that will allow the service provider to earn sufficient return to finance necessary investment”.

The RIC must also be satisfied that the interests of customers are taken into account and that prices provide appropriate signals about the cost of providing service.

“T&TEC’s business plan is expected to fully detail its forecasts of expenditure and revenue requirements for the regulatory period. These must reflect efficient costs of supply, and the proposed programme of capital works must be deliverable over the regulatory control period. Further, its forecasts of demand must be reasonable and reflect the best available information,” the document said.

“The draft business plan will inform the early stages of the review process and allows initial analysis of T&TEC’s submission. This Plan sets out detailed descriptions of the information that the RIC requires, including financial information, information on the proposed investment programme and expected outcomes. The RIC will review in detail the information provided and will provide further guidance, if necessary, for the submission of T&TEC’s final business plan, which will constitute T&TEC’s principal submission for the review of charges and will ultimately form the basis of the RIC’s assessment of the revenue requirement of T&TEC for the regulatory control period. “In summary, T&TEC’s Business Plan is a statement of its strategy for the future, and it identifies the objectives and outputs to be achieved,” said the RIC.

https://trinidadexpress.com/business/lo ... 9003e.html


so is not just rate changing, they changing the structure of the bill to make it more expensive regardless of how much you use.

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby Kickstart » November 30th, 2022, 8:06 pm

PNM Victory 2025

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby hover11 » November 30th, 2022, 8:21 pm

paid_influencer wrote:
bluefete wrote:Buss price in we skin! Read it and weep ( except if you are a PNM red till yuh dead, in which case dey go pay de bill fuh yuh).

Now let me explain something - from reading this article the % increases seem to be for kilowatt usage ONLY. Then there are a host of other proposed charges that will be added onto the bill - customer charge, service deposits, fuel and exchange rate adjustment charges etc.. Non- PNM people will bawl.


T&TEC’s rate proposals revealed
14 hrs ago Comments



The Trinidad and Tobago Electricity Commission (T&TEC) is proposing stiff rate increases over the next five years as the utility seeks to become more efficient and pay off its almost $2 billion debt.

T&TEC’s proposed rate increases, which are watermarked DRAFT, are contained in its business plan for the period 2022 to 2026, which was submitted to the Regulated Industries Commission (RIC) earlier this year.

The RIC was established in 2000 to regulate the cost and service quality of four utilities, comprising T&TEC, the Water and Sewerage Authority, PowerGen and Trinity Power.

For residential customers, T&TEC is proposing rate increases of between 40 to 65.75 per cent in the price of electricity over the five-year period.

For example, a $100 electricity bill could be as much as $165, a $500 electricity bill could be $825 and a $1,000 electricity bill will increase to $1,650.

For commercial and industrial customers, the utility is proposing a massive increase of 128.5 per cent.

For streetlighting and recreation grounds, T&TEC proposes a 134 per cent increase in cost.


T&TEC proposed to have the increase staggered over a five year period for residential, commercial and industrial customers.

The plan was submitted earlier this year to the RIC for a rate review.

The RIC is expected to hold consultations on the proposed rate increases, similar to what is currently being undertaken for the rate review of WASA, before they are finalised.

Proposed rate increases

For residential customers:

Year 1 – 20% to 33%

Year 2 – 10% to 16.50%

Year 3 – 5 to 8.25%

Year 4 – 2.50% to 4%

Year 5 – 2.50% to 4%

For commercial customers:

Year 1 – 68.50%

Year 2 – 34%

Year 3 – 15%

Year 4 – 10%

Year 5 – 5%

For industrial customers:

Year 1 – 68.50% (except C1-C4)

Year 2 – 34%

Year 3 – 15%

Year 4 – 10%

Year 5 – 5%

Streetlighting/Recreation Grounds

Year 1 – 70.49%

Year 2 – 34.00%

Year 3 – 15.00%

Year 4 – 10.00%

Year 5 – 5.00%

Service deposits

Further, T&TEC will introduce service deposits, which it said would be required to minimise the risk of financial loss associated with bad debts arising from the non-payment of bills by customers.

“Such deposits are therefore normally linked to the average size or value of customer bills and is common in the sector in many jurisdictions,” it said.

“It is proposed that service deposits be increased to an average value of two billing periods based on an average monthly kWh consumption per customer (Dec 2020) of 627kWh and 1,361 kWh for residential and commercial customers respectively, and be revised in step with subsequent rate changes or three to five-year intervals,” the plan said.

For residential customers, that could look like $580 (two monthly bills) and for commercial customer, $2,220.10 (two monthly bills).

For industrial customers, it said: “The higher of 75 per cent of the reserve capacity and the minimum consumption of KVA units, to twice this sum.”

Fuel and exchange rate adjustment

Among the new fees, the Commission is also proposing the reintroduction of the fuel and exchange rate adjustment charges to mitigate against the financial risk of the significant impact these charges have on our bottom line and cash flow requirements.

“Fuel charge alone increases the operating cost by approximately $30 million annually as a direct result of the annual 3 per cent escalation in the price. Increases in the volume of gas further increases cost. This cost is not recovered, in the absence of annual rate reviews, with T&TEC being forced to absorb such cost.

“The exchange rate has depreciated since 2006 from $6.31 to $6.78 representing a 7.4 per cent depreciation since the charge was last applied. Again, representing millions of dollars in addition cost to be absorbed by the Commission when there is no rate increase,” T&TEC said.

Customer Charge

The utility proposes to introduce a customer charge, which represents a fixed monthly amount to cover the cost of providing service to a customer’s location. “This charge includes the cost of metering, billing and providing customer service. It is applicable to all customers whether or not electricity is used. With the increase in customer service over the years and the need to more fairly allocate such cost over a larger customer base, customer charge is being proposed to be introduced to industrial customers for the first time, and adjustments made to other categories. This cost has increased by approximately 50 per cent over the period 2008 to 2017 from $74 million to $110 million,” it said.

Subsidy

While the RIC goes through the process of consultations, the Government will have to continue to subsidise T&TEC.

A rate review has been on the cards for many years but has been repeatedly delayed.

The plan noted that the last increase, for the period 2004-2008, followed two years of discussions with all stakeholders with the RIC issuing its final determination on June 1, 2006 for the five-year period 2006 – 2011.

Eleven years later, T&TEC will now embark on a new round of consultations.

T&T enjoys the lowest electricity rates in the Caribbean.

The cost of energy in various Caribbean countries range from as low as US$0.20/kwh to as high as US$0.37/kWh.

In T&T, however, the average subsidised cost, is US$0.05/kWh.

The last increase in electricity was implemented in 2009.

As another rate increase looms, the RIC outlined how it will approach the rate review in its public document, “Framework & Approach for the Price Review for the Electricity Transmission & Distribution Sector (T&TEC) 2021 -2026 Regulatory Control Period.”

The RIC noted that it will be the second time the prices for the electricity transmission and distribution services will be reviewed under the Incentive-based (price-cap regulation) approach.

“The RIC is required to assess T&TEC’s submission of its business plan for the price review against the principles contained in the RIC Act. Specifically, Section 6 (c) of the RIC Act requires the RIC to ensure that “the service provided by a service provider operating under prudent and efficient management will be on terms that will allow the service provider to earn sufficient return to finance necessary investment”.

The RIC must also be satisfied that the interests of customers are taken into account and that prices provide appropriate signals about the cost of providing service.

“T&TEC’s business plan is expected to fully detail its forecasts of expenditure and revenue requirements for the regulatory period. These must reflect efficient costs of supply, and the proposed programme of capital works must be deliverable over the regulatory control period. Further, its forecasts of demand must be reasonable and reflect the best available information,” the document said.

“The draft business plan will inform the early stages of the review process and allows initial analysis of T&TEC’s submission. This Plan sets out detailed descriptions of the information that the RIC requires, including financial information, information on the proposed investment programme and expected outcomes. The RIC will review in detail the information provided and will provide further guidance, if necessary, for the submission of T&TEC’s final business plan, which will constitute T&TEC’s principal submission for the review of charges and will ultimately form the basis of the RIC’s assessment of the revenue requirement of T&TEC for the regulatory control period. “In summary, T&TEC’s Business Plan is a statement of its strategy for the future, and it identifies the objectives and outputs to be achieved,” said the RIC.

https://trinidadexpress.com/business/lo ... 9003e.html


so is not just rate changing, they changing the structure of the bill to make it more expensive regardless of how much you use.
Had the other administration even merely suggested something of this nature there would have been widespread discord and resentment but because of who currently in charge we sit and take it

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matix
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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby matix » November 30th, 2022, 8:23 pm

Wait till grocery prices increase. I know of quite a few groceries whose bills are 25k and up for the billing cycle. Is everything going up, time to move into the bush yes.

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby viedcht » November 30th, 2022, 8:25 pm

Talking about increase... Any of alyuh go by the w.union place to pay bills? They start charging 2.00 a transaction now.

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby paid_influencer » November 30th, 2022, 8:26 pm

grocery price done increase bai

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby hover11 » December 8th, 2022, 7:15 am

I could be wrong but seems the government is planning to privatize in the not too distant future. I can't help but get a sense of deja vu. Looks awfully familiar to the approach used when the government was building a case against Petrotrin and its workers in the eyes of the public. Why would you let T&TEC run a debt to a private owned company in that amount now tax payers have to bear the burden for their mismanagement...

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby Ben_spanna » December 8th, 2022, 9:42 am

Commercial and industrial increases of that magnitude will only be passed On to the end consumer, so be prepared to pay DOUBLE for basic food items , and probably MORE for bread in 2023.
Majority of retailers will raise their products by more than 50% initially if they really go through with this.

GAS-HIGH,
CRIME-HIGH
ELECTRICITY- coming to bull we soon too

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby Rovin » December 8th, 2022, 10:41 am

buh ent we like it so ...

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby 88sins » December 8th, 2022, 12:25 pm

Just did the quick math on this proposed increase.

Going by the upper end of the percentages proposed, by the end of year 5 expect an increase totalling approximately 81.42%. Meaning, if your current electric bill is $100, it will eventually reach $181.42.




Painful thing is, I don't know anyone living in a house in this country that has a electric bill of $100/cycle. Not saying that they don't exist, just that I don't know them and that they are very much the exception rather than the rule. Average household ttec bill today is about $250-$300. So, cater for your bill to be about $453/4 to $544 by the time they done.


Meanwhile as yuh takin lix in yuh pweffn, your mps and sinister ministers are making absolutely whatsoever no moves to encourage alternative energy to the population as a way to alleviate the coming proposed increases.


Gr8 is d pee-on-dem

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby computercentral » December 8th, 2022, 3:10 pm

250-300 average household use per month ? My average bill is 1300-1500 per cycle

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby 88sins » December 8th, 2022, 5:27 pm

computercentral wrote:250-300 average household use per month ? My average bill is 1300-1500 per cycle


That 250-300 is average, without ac usage or other high current draw appliances.
How often you running appliances that have a heavy current draw like ac, water heater, clothes dryer, etc.?

Is the little things does add up to your electric bill, and the small changes do make a BIG difference.
That, and one more thing.
You see them estimates ttec does be making, very often they overestimate your usage. And I have a reason to say that.
A few months ago, i find my bills was a bit high. Didn’t bother to query it, just paid them in full and forgot about them. Here's the thing. My last two billing cycles, when I got the bills, the amounts due were in the negative figures. One was minus 260ish, the other was minus 170-something.

You should ask for an actual meter reading.

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby bluefete » December 8th, 2022, 5:32 pm

But isn't it an actual reading that you get on your current (no pun, eh) bill? Don't they just putt it from their IT system?

Isn't that why the "meterman" does not visit your home anymore?

88sins wrote:
computercentral wrote:250-300 average household use per month ? My average bill is 1300-1500 per cycle


That 250-300 is average, without ac usage or other high current draw appliances.
How often you running appliances that have a heavy current draw like ac, water heater, clothes dryer, etc.?

Is the little things does add up to your electric bill, and the small changes do make a BIG difference.
That, and one more thing.
You see them estimates ttec does be making, very often they overestimate your usage. And I have a reason to say that.
A few months ago, i find my bills was a bit high. Didn’t bother to query it, just paid them in full and forgot about them. Here's the thing. My last two billing cycles, when I got the bills, the amounts due were in the negative figures. One was minus 260ish, the other was minus 170-something.

You should ask for an actual meter reading.

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Re: T&TEC, WASA increase coming in 2016... now 2021?

Postby hover11 » December 8th, 2022, 5:46 pm

Question,why is a small roti shop/food stall or even a parlor subjected to the same commercial rates as a big industrial complex. That is very unfair. Why do the customers have to clear a debt created by incompetant politicians and the Board at T&TEC? That is also unfair

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