#Providenciales, June 25, 2019 – Turks and Caicos – At this given time, I strongly oppose to Fortis electricity rate hike and here is my reasoning. Every for profit company reserves the right to increase their bottom line in every which way they can, once it’s done in a legal and ethical way. Nevertheless, there should also some consideration and empathy for the most vulnerable.
The citizens of the Turks and Caicos islands are in a vulnerable
position right now. We are suffering from some of the highest electricity
prices in the world.
Post hurricane Irma and Maria, this was a missed opportunity for Fortis,
one of the top 15 utilities companies in North America and the Caribbean,
not to replace down power lines in select areas with underground cables. In the
long term, this would have put them in a much better position to minimize
future losses from natural disasters and offer consumers better rates.
While the cost per kilowatt varies by country, we in the TCI have a
multi-layered electricity rate design. Residential customers pay anywhere from
29 to 43 cents per kilowatt-hour. Most developed countries are paying an
average of 25 cents per kilowatt-hour while the average price people in the
U.S. pay for electricity is about 12 cents per kilowatt-hour.
Comparatively, this is a significant difference.
Although Fortis is diversifying its energy mix and allowing customers to
connect solar PV systems to the grid, its a pretty significant start up cost
for the average consumer.
With about 217 days of sunshine a year, TCI has excellent solar
resources enabling solar PV plants to generate electricity at similar or less
expensive costs than conventional power plants do.
Why isn’t the country as a whole harnessing this clean energy like
Fortis power plant is doing in Provo?
Fortis TCI announced in 2017 that 1 MW of solar capacity is scheduled to
be installed in the islands via the utility company, which would include a 700
kW array on North Caicos and 300 kW throughout the other islands.
What happened to this commitment, but yet they are seeking a rate hike?
Unless the government can get a commitment and a way forward from Fortis
on these aforementioned initiatives, I strongly believe consumers are not
getting a fair shake and the rate hike should be rejected.
Respectfully submitted,
Ed Forbes(Concerned citizen)