Tariff hike, load shedding among options

With a financing shortfall of $3.5B-$4B likely this year, the power company says it faces four options: a tariff hike, load shedding at peak hours, more cash support from the government and increased conservation.

Speaking at a press conference yesterday at the company’s boardroom in Middle Street, Chairman of the Guyana Power and Light (GPL) Winston Brassington said that depending on the fuel situation, the company could very soon implement one or more of these measures.