Bahamas Power and Light Company Ltd. (BPL) advises that the Company does not have plans to impose a late fee on its customers at this time.

At a recent Bahamas Institute of Chartered Accountants (BICA) presentation, BPL’s CEO Shevonn Cambridge shared with the body numerous strategies to help the Company address its considerable arrears and at the same time improve the quality of service to its customers. A late fee was discussed as a viable option to prompt timely payments as it is inscribed in BPL’s Consumer Protection Plan and received regulatory approval more than four years ago; however, it was never implemented. For clarity, the Late Fee was a discussion point and is not an immediate consideration for BPL.

The Company continues to work with its customers to ensure timely payments to meet its financial obligations. At the same time, BPL is firmly committed to implementing the best available strategies to ensure effective management as well as improve service to its customers.