Despite having failed key targets in 2016 – including the number and length of blackouts – the Guyana Power and Light (GPL) has escaped what could have been a hefty financial penalty with the regulatory body stating that overall the utility had put in a creditable performance.
On an annual basis, the Public Utilities Commission (PUC) reviews eight benchmarks in GPL’s Operating Standards and Performance Targets (OSPT).
In its order on Friday, the PUC said that the standard set system losses at 28.6% of dispatched power for 2016.
For the reporting period GPL stated to the PUC that the system losses
