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BL&P: Time seems ripe for rate increase

The Barbados Nation Newspaper "THE COUNTRY'S LONE power-supply company is priming a rate increase application and within the next two months a decision will be made on 'if and when' that bid will be made to the Fair Trading Commission. The marketing and communications manager of Barbados Light & Power said in an internal company publication that 'now, over 24 years since the last rate adjustment, the time seems to be coming where the basic rate of electricity may need to be increased in order for the company to earn the revenue to meet its operational needs'. "

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