KAY-MARIE FLETCHER
Senior Reporter/Producer
kay-marie.fletcher@guardian.co.tt
Opposition Leader Pennelope Beckles is warning citizens to brace for a possible increase in electricity rates, which she says could result from the pending natural gas price hike announced by the National Gas Company (NGC).
Speaking at a People’s National Movement media conference at the Office of the Opposition Leader in Port-of-Spain yesterday, Beckles cautioned that the ripple effects of a 70 per cent increase in gas prices could extend beyond industry.
“We all understand the consequences of an increase of 70 per cent. We must know there is the issue of electricity. We can’t pretend that this is not going to arise. Just as how you were asleep and woke up Christmas morning looking for a gift, and the gift you got was an increase in fines, wait patiently,” Beckles said.
However, Public Utilities Minister Barry Padarath rejected the Opposition’s claims, telling Guardian Media that any increase in electricity costs would affect only industrial customers and not residential users.
Padarath said the previous government sold gas below the cost of acquisition, resulting in significant losses to taxpayers.
“The Leader of the Opposition was either asleep, as per usual, or is being downright hypocritical. She should know, because she was part of a government and Cabinet that allowed light industrial customers to enjoy subsidies that cost taxpayers billions of dollars, while a few entities made massive profits at the expense of NGC,” Padarath said.
He added, “The bottom line is that this increase applies only to light industrial customers and will have no impact on residential electricity rates. Therefore, the Leader of the Opposition is being a blatant liar. It was the PNM government that pursued increases in residential electricity rates, and at that time Mrs Beckles-Robinson said nothing. That is the height of hypocrisy. This will have absolutely no impact on T&TEC residential customers.”
Beyond electricity, the Opposition warned that other price increases could follow.
Also addressing the PNM press conference, Opposition Senator Faris Al-Rawi said, “Crix going up. Juice going up. Carib going up.”
PM avoiding energy sector
Beckles also criticised Prime Minister Kamla Persad-Bissessar for declining an invitation to attend an energy conference scheduled for next week, accusing her of avoiding accountability to key stakeholders.
“I’ll tell you why the Prime Minister and her entire government are running from that conference. They are running because they budgeted oil at US$73.25, and it is now at US$60. They have to explain to the public how they intend to manage the shortfall,” Beckles said.
She argued that the Government would also be unable to justify its decisions to oil companies, investors and the wider business community.
“The Prime Minister must tell us whether she even had the courtesy to inform manufacturers or members of the energy chamber—whom she has shown total disrespect—that the budget assumptions have shifted and adjustments are necessary. Instead, we see the same bullying behaviour, where the Government believes it has the right to dictate fines and prices without explanation. That is how this Government operates,” Beckles added.
When contacted by Guardian Media, Prime Minister Persad-Bissessar said her views on what she described as the “self-serving energy sector” were longstanding.
Asked whether Energy Minister Roodal Moonilal or Planning, Economic Affairs and Development Minister Kennedy Swaratsingh would attend the conference in her absence, the Prime Minister replied, “Neither of them has indicated that they are attending.”
