The Regulated Industries Commission (RIC) is a statutory body
established under the Regulated Industries Commission Act, No. 26 of
1998, and came into effect on June 01, 2000. The RIC’s inaugural Board was
appointed in April 2001.
The RIC succeeded the Public Utilities Commission (PUC)
and is a consumer-oriented entity with strong regulatory powers and
responsibilities. The RIC has been established to ensure that good quality
and efficient utility services are provided at fair and reasonable costs in
Trinidad and Tobago.
Service Providers under the purview of the RIC
- The Water and Sewerage
- Trinidad and Tobago
- The Power Generation
Company of Trinidad and Tobago Ltd.
- Trinity Power Limited
(formerly InnCogen Limited)
Functions of the RIC
- Making recommendations on the award of licences;
- Monitoring and enforcing compliance with licence conditions;
- Establishing the principles upon which tariffs will be based
and monitoring rates charged to ensure compliance;
- Prescribing standards for services and monitoring compliance
of those standards;
- Carrying out studies of efficiency and economy of operation
and of performance;
- Facilitating competition between service providers where
competition is possible and desirable;
- Investigating complaints by consumers, of their failure to
obtain redress from service providers;
- Imposing and collecting fees for licences; and
- Ensuring that service providers earn sufficient return to
finance necessary investment.