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No solution in sight for GPL proposed electricity tariff increase – 13th Jun 2013

gpl2As it stands, the matter of increasing electricity tariffs is in the hands of the politicians and they have agreed not to say how far they have gone with those discussions. All they are doing at the moment is trying to trash out whose fault it is in the public square.

At the centre of the worry over those light bills is the power company’s own financial woes. It says it is racking up billions of dollars in losses and cannot pay its own bills. The opposition has said that those losses are as a result of a badly managed company and over-burdened tax payers should not have to pay for incompenetnce and wants the power cut from the Board of Directors and handed into new hands.

Aside from the closed door discussions, the Government is pushing the threat of tariff increases on the opposition. The opposition had agreed to give GPL 5 billion dollars in subsidy in this year’s budget, but said it would not give the company another 5 billion unless there is a radical shift in management.

It is that 5 billion dollars that is the subject of discussion with the Government and opposition.

Civil Society and the country’s top businessmen have urged the Government and opposition to find a way of solving the problems with GPL – and any solving of the problem they say must not include increasing electricity tariffs.

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