BL&P official: It’s lower costs, or rate hike
THE Barbados Light & Power (BL&P) has to cut costs to ensure its financial survival.
Or, it may have to seek another rate increase.
In breaking her silence on the BL&P’s intention to part with some of its 400-plus employees, executive chairman Sarah MacDonald said the company had no choice but to cut costs.
She said between 2008 and 2014 staff costs increased by 20 per cent, while for the corresponding period, sales declined by five per cent.
Please read the full story in today’s Sunday Sun, or in the eNATION edition.