The Fair Trading Commission has turned down an 11.9 per cent increase in electricity rates that was being sought by the Barbados Light and Power Company.
The commission is set to announce by Christmas the new rates that consumers will have to pay for the service.
Chairman of the FTC Rate Hearing, Dr Donley Carrington, said the BLPC must first comply with the February 15, 2023, orders issued by the commission before a determination of the final rate base could be made.
The electricity company was ordered to return to the drawing board to recalculate its rate data and resubmit its findings to the FTC, but the utility company filed a motion for the commission to review the decision and change its orders.