The Barbados Light & Power Company (BL&P) has given its full support to the Government’s decision to maintain a lower Value Added Tax (VAT) rate on electricity until the end of September.The utility company said on Thursday that customers can expect additional savings on their electricity bills.Minister in the Ministry of Finance and Economic Affairs Ryan Straughn announced in Parliament on Tuesday that BL&P’s domestic customers will pay 7.5 per cent VAT on the first 250 kilowatt-hours (kWh), instead of the usual 17.5 per cent rate, for another eight months, extending the arrangement that was put in place from August 1, 2022, to January 31, 2023.According to Rodney Dottin, Manager, Customer Care at BL&P, this represents a monthly savings of about $14, based on February’s Fuel Clause Adjustment (FCA) for customers using a minimum of 250 kWh.
