The CCC is calling for the Regulator the Grand Bahama Port Authority to make no decision on the rate plan proposal from the Grand Bahama Power/ Emera until the Public is thoroughly informed about the proposed electricity base rate increase. Throughout Grand Bahama our island is littered with closed Businesses, closed Hotels, closed Golf Courses, closed Shopping Centers, closed Apartment Complexes and Abandon homes. Businesses on our Island are already adversely affected by high electricity base rates.
What is presently being considered by the Regulator, and based on our meetings with the Regulatory Committee, it seems that the Chairman for the Regulatory Committee wants to go ahead to grant electricity base rate increases that will mainly affect Businesses on Grand Bahama. We stand to be corrected if that is not so. The Commercial and Industrial sector accounts for 66-70 percent of the usage of power generated, any increase in the base rate will increase expenses to businesses, increase VAT payments and increase the cost of living for the Citizens of the Island.
In the Regulatory Framework & Operation Protocols document that governs the Regulator and Grand Bahama Power Company Emera, there should be proper Public consultation and information sharing of the rate plan proposal. According to Section 5.2 Review Process, as of November 25, 2015 the following has not been shared done by the Regulator;
a) Publishing in the newspaper of the summary of the rate plan proposal from GBPC Emera
b) Public access to the rate plan proposal on GBPA website
c) Copies of the rate plan proposal available for Public viewing at the GBPA office.
Further to Section 5.2 the review process refers to the GBPC West End and East End Agreements with the Government. This section clearly states that GBPC cannot charge electricity rates higher than that charged thru out the Commonwealth of the Bahama without Government approval.
Based on this information we feel that the Regulatory Committee cannot make any decision on the rate plan proposal until there is complete and proper Public consolidation and information sharing.
Jack Grobowsky owner of Freeport Resorts
