PRESS RELEASE – URCA completes review of BPL’s Fuel Charge Increase
NASSAU, THE BAHAMAS (15 December 2022): The Utilities Regulation and Competition Authority (“URCA”) has completed its review of Bahamas Power and Light Company Ltd. (BPL) proposed fuel charge increase.BPL made the announcement in early October 2022 of a glide path increase to commence on its November 2022 bills. As the regulator for the country’s electricity sector, URCA conducted a comprehensive review of BPL’s fuel charge increase proposal. At the conclusion of that review, URCA determined that it is satisfied that BPL has made an adequate case for the rate increases outlined in its press statement dated 04 October 2022. However,…
