The Fair Trading Commission, on its own initiative, has completed an investigation which was launched in September 2017 after receiving two consumer queries relating to the purchase of SOL 100 lb Liquid Petroleum Gas (LPG) cylinders. In each circumstance, the consumers alleged that they made a prepayment for LPG cylinders prior to a legislated price […]
Category: Energy
Consumers will be paying less for gasoline and Liquefied Petroleum Gas (LPG), while the prices for diesel and kerosene will increase effective midnight Sunday. Gasoline will now be sold at $3.89 per litre, down from $3.91; a decrease of $0.02. Diesel will now retail at $3.20 per litre, up from $3.14; an increase of $0.06, […]
Barbados could be in for a revolution of sorts. Minister of Industry, International Business, Commerce & Small Business Development Donville Inniss revealed Tuesday that the island was at “a very advanced stage” in terms of its development of practical renewable energy proposals, while stating that Government’s intention was to fully transform the industrial sector. He was […]
More opportunities are opening up for ordinary Barbadians to make money from generating renewable energy. This is the view of President of the Barbados Renewable Energy Association (BREA) Aidan Rogers. In an interview with Barbados TODAY, he said a decision by the Fair Trading Commission (FTC) earlier this year has created a new window of opportunity […]
The proposed construction of a multi-million dollar Canadian-owned solar farm on lands at Waterford Plantation, St Michael is getting some serious heat from leading local stakeholders and interest groups, including Williams Industries Chairman Ralph Bizzy Williams. Canadian energy company Deltro Group has applied for planning permission to build a 20 megawatt solar farm on 70 […]
With a promised multi-million dollar renewable energy facility yet to get off the ground, the Canadian energy firm which last year pledged “much cheaper” energy than what Barbadians were paying to Barbados Light & Power is seeking to reassure the country that the sun has not gone down on the project. When DELTRO Group Ltd […]
The door is still open for Barbados to purchase oil under the PetroCaribe agreement at generous preferential terms, resident Head of Mission at the Venezuelan Embassy Franciso Perez Santana has said. Dismissing concern that prevailing turmoil in the Spanish-speaking country had put a damper on the oil deal sealed 11 years ago, Santana insisted the […]
It’s just a matter of logistics. That was how Minister in the Office of the Prime Minister with responsibility for Energy Senator Darcy Boyce has sought to explain Barbados’ decision to purchase Liquefied Natural Gas (LNG) from the United States instead of its Caribbean Community (CARICOM) neighbour Trinidad and Tobago. Boyce said Barbados did not […]
Barbadians are paying less of petroleum products except kerosene. As of midnight Sunday, kerosene went up by a cent and now costs $0.81cents. The retail price of gasoline moved from $2.69 per litre to $2.58 per litre, while the price of diesel will drop from $1.82 per litre to $1.77 per litre. These represent decreases […]
The local non government organization that focuses on renewable energy is demanding answers from Government on a $26 million solar energy manufacturing plant to be established here by April 2016 by Canadian energy firm DELTRO Group. The Barbados Renewable Energy Association (BREA) has called on the Freundel Stuart administration to disclose what special concessions were […]
With Minister of Finance and Economic Affairs Chris Sinckler scheduled to deliver his Financial Statement and Budgetary Proposals on Monday, a Barbados-based British entrepreneur has expressed the hope that “the rates of customs duty on the vehicles would remain where they are, or get lowered”. Speaking at Limegrove Eco-Expo in Holetown, St James, the Chief […]
The Senate on Wednesday night passed amendments to the Land Tax Act removing a rebate granted to manufacturers and producers of solar energy. Introducing the Land Tax (Amendment) Act, 2015, the acting Leader of Government Business, Senator Dr Esther Byer, said the wording of the law had given rise to misinterpretation, which had resulted in […]
The dispute between the Barbados Workers Union (BWU) and the Barbados Light & Power Company Limited (BL&P) is headed straight for the Labour Department. Following a meeting this morning at the union’s Solidarity House headquarters, both sides reported that their impasse over proposed job cuts had been forwarded to the Chief Labour Officer Vincent Burnett […]
The Barbados Government is riding high in confidence that a just signed petroleum exploration agreement will produce commercial quantities of crude oil in the island’s offshore. Minister of Finance Christopher Sinckler made known the administration’s self-assurance at a cocktail reception Wednesday night to celebrate the signing of the agreement, when he added that the exploitation […]
Prime Minister Freundel Stuart today signed a deal for oil exploration in Barbados’ southern territorial waters that he said could lead to the island moving from being a net oil importer to an exporter in ten years. Stuart signed the agreement with Australian company BHP Billiton, which will begin mapping these territorial waters in blocks […]
Plans for offshore oil exploration in Barbados look set to move a step closer to reality. Prime Minister Freundel Stuart announced over the weekend that he will give the go-ahead this week to an Australian oil exploration company, BHP Billiton, to map reserves of oil and natural gas within the island’s territorial waters. Stuart told […]
The Barbados Light & Power Company Ltd. (BL&P) has been warned that it will not be allowed to send home workers before discussing the matter with the Social Partnership. Any attempt to do so will be met with strong resistance from the combined forces of the Barbados Workers’ Union (BWU) and Ministry of Labour, the […]
