(Barbados Nation) – Prominent businessman Ralph “Bizzy” Williams said Barbados can be entirely powered by sun, saving the country US$200 million a year.
“We are throwing that away now with buying fuel . . . . The sun cost don’t change. Once you invest the money in the alternative energy equipment and so on and install it, that price is fixed. After that the only thing that can change is the price of sunlight.”
Speaking yesterday on Starcom’s Down To Brass Tacks, he weighed in on the Fair Trading Commission’s rate review application by the Barbados Light & Power (BL&P).
“I agree with the review but give the BL&P the rate increase but look carefully at the figure.”
Williams said that FTC should do reviews every so often and then change the rates up and down as they see fit.
