The Guyana Power and Light (GPL) has not formally applied to the Public Utilities Commission (PUC) for a tariff increase, but has submitted its Final Return Certificate (FRC), which is considered the beginning of the process.
A source at the PUC, who explained the process to this newspaper, said the PUC will now examine the FRC to see whether a rate increase is justified, taking into account the entity’s rate of return. However, the source said, the shareholder of the company – the government – will have an important say in the whole process.
The source said that ultimately, the rate of any increase is tied to the
