GPL considering reductions in electricity charges

GPL considering reductions in electricity charges

The Guyana Power and Light (GPL) is favourably considering the reduction in electricity charges which is expected to take effect soon, according to Head of the Presidential Secretariat Dr. Roger Luncheon.

Dr.  Luncheon could not say however, how soon citizens could expect the relief to the already complained about high electricity charges. Luncheon could also not say what would be the level of the possible reduction.

But he indicated that the move by GPL is in keeping with the recent reductions by the government in the cost for fuel (gas, diesel and kero) and President Donald Ramotar’s appeal to ensure consumers benefit.

Following the 30% reduction at Guyana Oil Company (Guyoil) stations citizens had called for the subsequently reduction in electricity and transportation costs. The price for oil on the world market has been falling steadily.

Dr. Luncheon said the administration is satisfied to a large extent with the impact the reduction by government has had in unregulated sectors and the private sector.

He pointed out that the price in cooking gas has been reduced by some 13 percent and is now being retailed at an average charge of $3500.

In relation to public transport, Luncheon said the administration is somewhat disappointed because while some operators have lowered fares in response to the reduction in fuel prices others have refused to change their fare structures.

He cautioned operators against this move and explained that the possibility of an upward movement in the cost for fuel could occur at any time.

The Cabinet Secretary observed too that only the newly commissioned Guyoil outlet at the Cheddi Jagan International Airport (CJIA) is offering fuel at a reduced cost to the aviation sector.

To this end, he said government continues to deliberate on the option of extending itself into these sectors to compete with the private interest.

He later stated that regulation seems more promising than competition.

Filed: 28th January, 2015

2 Responses to "GPL considering reductions in electricity charges"

    You must be logged in to post a comment Login