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Bahamas: Company Lined Up To Probe Rising Electricity Prices, Says Pm Minnis

PRIME Minister Dr Hubert Minnis said yesterday that a company was selected to probe the rising cost of electricity, but the details could not be made public because the matter had not yet gone before Cabinet.

His comments came after the government tabled an amendment to the Value Added Tax Act seeking to temporarily increase the VAT-free ceiling on electricity bills to $300.

The amendment will ensure the change does not expire until July 1, 2019.

Increased light bills have been a point of contention for consumers and was part of the reason for a large protest on Bay Street yesterday.

Recognising that many people struggle to financially afford the spike in cost, Prime Minister Dr Hubert Minnis told reporters yesterday the government will do whatever it can to relieve this stress.

“We have committees looking at it,” Dr Minnis told reporters outside Parliament yesterday. “We understand that there are some people having challenges with light bills and we are cognizant of that and we will do whatever we can to try and relieve their pain and their stress.

“That’s what a good government does.”

Asked of the probe, he said: “I can’t tell you anything yet that hasn’t gone to Cabinet, the company has been recommended and it now must be taken forth to Cabinet.”

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