Her Excellency the Governor of the Turks and Caicos Islands has reviewed the proposal by FortisTCI and its subsidiary TCU for a 6% increase in electricity rates expected to have commenced on April 1, 2024.
After a careful and comprehensive review of the application and submitted information from FortisTCI and its subsidiary TCU, the Governor has denied the application.
Should FortisTCI seek to challenge this decision, per the Electricity Ordinance, they have 21 days to request that the Governor appoint a person to hold a Public Inquiry regarding their proposal for a rate increase.
The Government is prepared to engage in this process to ensure that any rate adjustments are not only justified but transparent and in the best interest of the people of the Turks and Caicos Islands.
The Governor remains committed to ensuring that the statutory process is followed and that utility rates are fair and competitive. Throughout this process, transparency and accountability remain paramount.
