Barbados Electric Bill Delayed, but VAT Cut Extended for Another Six Months

• Barbados Light & Power Company (BLPC) announces that October electricity bills will be late but VAT cut will continue for another six months.
• BLPC warns of a slight increase in electricity bills due to the increase in fuel prices.
• The government has confirmed the extension of the VAT reduction on electricity bills from October 1, 2023, to March 31, 2024.
• Residential customers have been paying only 7.5% VAT on the first 250 kilowatt-hours of electricity instead of the usual 17.5% rate.
• The October billing cycle was delayed due to waiting for the update on the VAT reduction extension.
• The discount date and due date for payment of the October electricity bill have been adjusted accordingly.
• Bills are expected to be sent out on Monday, with e-billing customers receiving their bills earlier.
• Customers may notice a slight increase in the per kilowatt charge of electricity use due to an increase in the Fuel Clause Adjustment (FCA) for October.
• The FCA reflects changes in the price of fuel on the world market and is adjusted for each kilowatt-hour of electricity.
• The FCA for October is the highest it has been since December 2022.

Source: barbadostoday.bb

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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