Kevon Felmine
Senior Reporter
kevon.felmine@guardian.co.tt
The Oilfields Workers’ Trade Union (OWTU) is cautioning citizens that while the Government has indicated there may be no electricity rate hike this year, an increase could be on the horizon should the administration secure another term in office.
Speaking to Guardian Media yesterday, OWTU chief education officer Ozzi Warwick reaffirmed the union’s stance that electricity rates should not be increased. Just last week, OWTU president general Ancel Roget argued that a forensic audit into the contract system at the T&T Electricity Commission (T&TEC) could eliminate the need for any rate adjustment. Roget insisted that if the Government acted on such findings, it could fund the utility’s operations and settle outstanding debts without passing the burden onto consumers.
Over the weekend, Minister of Public Utilities Marvin Gonzales stated that an electricity rate increase was unlikely—at least for 2025. He dismissed claims that the Government was deliberately postponing any hike to avoid public backlash ahead of the upcoming general election.
However, the OWTU remains sceptical, asserting that electoral considerations are precisely why the Government is holding back.
“The population must not be fooled, as they have full intention to increase electricity rates if they are returned to office. We think it has everything to do with the elections,” Warwick said.
In October 2023, the Regulated Industries Commission (RIC) proposed an increase in electricity rates, ranging from a 7.7 per cent rise for residential customers to as much as 17 per cent for some commercial consumers. The proposal outlined gradual increases to be implemented annually from 2023 to 2027.
Among the proposed changes was a shift to a tiered billing system, along with a fixed monthly fee of $7.50—up from the previous $6 bi-monthly charge. Additionally, customers would begin receiving monthly electricity bills rather than bi-monthly statements. A new disconnection and reconnection fee of $150 was also included in the proposal.
By December, the Cabinet had requested “further clarification” from the RIC regarding the proposed increases, and the matter remains under review by the Finance and General Purposes Committee.
T&TEC has maintained that an increase is essential to sustaining a reliable electricity supply, highlighting its mounting financial obligations. The company’s debt stood at $9.32 billion, including significant arrears owed to the National Gas Company.