New water and electricity rates coming?

Citizens may need to prepare for a change in their water and electricity rates.

The regulated industries commission has commenced the process of price reviews for the Trinidad and Tobago electricity commission – T&TEC, and the water and sewerage authority - WASA.

The price review process will consist of three phases all expected to be concluded in a one year period.

The first phase will involve the publication and circulation of the RIC document “framework and approach”, which outlines the process that the RIC will follow to conduct the reviews.

In the second phase, all stakeholders both private and public will be invited to comment and provide their feedback on documents which will be carefully considered by the ric.

The ric is also currently reviewing the existing quality of service scheme for T&TEC and WASA which will address quality related issues.

The third phase involves the publication and circulation of the ric document, which will also include face to face public consultation sessions between the ric and various stakeholders.

The review process for both utilities is expected to be completed by mid-2018.

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