Archive for the ‘electricity’ tag
Guyana Power & Light increasing rates in 2008 & going bankrupt
we hope 2008 is the year Guyana Power & Light goes bankrupt. we also pray that the devils who manage GPL take their last breath. anything would be better than what we currently are plagued with.
Stabroek News: The Guyana Power and Light (GPL) has announced that come January 2008 electricity tariffs will be increased by six per cent to 20 per cent for varying categories of consumers, as high fuel prices rip apart the company’s finances.
Furthermore, the company is expecting to record a loss of more than $1 billion for 2007.
“The current increase in electricity rates is considerably less than the increasing costs faced by GPL. [The company] is now paying an average of US$95 per barrel for November/December 2007 - this is a 57 per cent increase in its 2007 budgeted fuel price of US$60,” Brassington said.
