↓ Skip to Main Content

Regulated Industries Commission

Protecting your interests

Main Navigation

  • Home
  • About Us
    • Vision and Mission
    • Board of Commissioners
    • Management
    • Organisational Chart
    • Governing Legislation (RIC Act)
    • Freedom of Information Act
    • Affiliations
    • Service Providers
      • T&TEC
      • WASA
      • Powergen
      • Trinity Power
  • Consumer Affairs
    • Customer Rights
    • Complaint Procedure
    • Complaint Form
    • Outreach
    • Quality of Service
    • Brochures
  • Publications
  • Consultation Documents
  • Price Reviews
    • T&TEC
    • WASA
  • Current Opportunities
    • Career Opportunities
    • Procurement Opportunities
  • Media Centre
    • Newsletter
    • Events
      • Consultation Schedule
      • RIC Webinar Series
    • Media Releases
    • Media Gallery
      • Photos
      • Videos
  • FAQs
  • Contact Us
Home › Public Engagement › Price Reviews

Price Reviews

benjaming Posted on December 9, 2020 Posted in Public Engagement Tagged with PRICE REVIEW

RIC PRICE REVIEWS FOR T&TEC AND WASA

The Regulated Industries Commission (RIC) wishes to advise that it has commenced the process of Price Reviews for the Trinidad and Tobago Electricity Commission – T&TEC (Electricity Transmission and Distribution Sector) and the Water and Sewerage Authority – WASA (the Water and Wastewater Sector).

The Price Review process will consist of THREE PHASES which are detailed below, along with the projected timeline:

  • First phase – publication and circulation of the RIC document “Framework and Approach”, which outlines the process that the RIC will follow to conduct the Reviews. This will be accompanied by the publication of the RIC document “Information Requirements: Business Plan”, which details the information that the Service Providers (WASA and T&TEC) must submit to the RIC for these Reviews.
  • Second phase – publication and circulation of various consultative documents which will detail the RIC’s views on key areas that inform the Review process. All stakeholders (private and public) are welcomed at this time to comment and provide their feedback on documents which will be carefully considered by the RIC. One key area of concern is the quality of service provided by the utilities.  The RIC is currently reviewing the existing Quality of Service Scheme (QSS) for T&TEC, and the proposed revisions will address new areas of concern such as the time taken to obtain a new connection. The RIC is also in the process of establishing a QSS for WASA which will address, among other things:
    • provision of a minimum water supply to customers;
    • the time taken to resolve customer complaints;
    • the time taken for new connections to be completed; and
    • the time in which the supply of water is restored after an unplanned interruption.
  • Third phase – publication and circulation of the RIC document “Draft Determination (Rates and Miscellaneous Charges)” after its review of the respective Service Provider Business Plan/Pricing Proposal and the feedback solicited from all stakeholders on the keys areas of concern. All stakeholders (private and public) will be welcomed at this time to comment and provide their invaluable feedback on this crucial document. This phase will also include face to face public consultation sessions between the RIC and various stakeholders during this period.

The RIC will conclude the process by publishing and circulating the RIC documents “Final Determination (Rates and Miscellaneous Charges)” for each sector, after it has reviewed all comments and concerns raised with respect to the specific Draft Determination.

As an impartial and independent body, the RIC remains committed to fulfilling its mandate of protecting consumer interests while at the same time ensuring that the Service Provider has adequate resources to provide the highest quality of service to all customers at efficient cost. At the same time the RIC is cognizant of the need to ensure that the poor and other vulnerable groups have access to these services at rates they can afford.

Please see the documents below for further information on the Price Reviews for each Service Provider.

Your feedback is important to us!

T&TEC Price Review

Framework and Approach for the Price Review for the Electricity Transmission & Distribution Sector (T&TEC) – 2021 -2026 Regulatory Control Period
Information Requirements: Business Plan 2021 – 2026 Trinidad & Tobago Electricity Commission
Annual Price Adjustments – Are they a necessary feature of Incentive Regulation Main Summary
Determining the Length of the Regulatory Control Period Main Summary
Po Adjustments – Passing Cost Savings to Customers Main Summary
Establishing an Appropriate Form of Price Control Main Summary
Regulating Quality of Service – Incentive Mechanisms: Electricity Transmission and Distribution Sector Main Summary
Review of the Performance Monitoring and Reporting Framework for the Electricity Transmission and Distribution Sector Main Summary
The Treatment of Input Price Inflation Main Summary
The Importance of Conducting Timely Price Reviews Main Summary
Stakeholder Involvement in the Regulatory Decision Making Process Main Summary
Addressing Affordability of Regulatory Prices (January 2021) Main Summary
Incentive Mechanisms for Managing Transmission & Distribution Losses (January 2021) Main Summary
Improving Transparency and Accountability in the Electricity and Water Sectors Main Summary
Embedding Financial Viability and Sustainability Main Summary
Treatment of Pension Costs for Regulatory Decision Making 2021 Main Summary
Improving Performance Incentives for a Public Sector Monopoly (May 2021) Main Summary
Approach to Assessing Capital Expenditure for Price Reviews (May 2021) Main Summary
Review of the Status of the Trinidad & Tobago Electricity Commission 2016-2019 Main Summary
Approach to Setting Operating Expenditure for Price Reviews Main Summary
Principles of Rate Design and Tariff Structures Main Summary
Revision of the Capital Contribution Policy for T&TEC Main Summary
Public Announcement: Draft Determination for the Electricity Transmission and Distribution Sector 2023-2027
Draft Determination for the Electricity Transmission and Distribution Sector 2023-2027
RIC Public Consultation Schedule

WASA Price Review

Framework and Approach for the Price Review for the Water and Wastewater Sectors (WASA) – 2021 -2026 Regulatory Control Period
Information Requirements: Business Plan 2021 – 2026 Water & Sewerage Authority
Performance Monitoring and Reporting Framework for the Water and Wastewater Sector Main Summary
Universal Water Metering in Trinidad and Tobago – A Concept Outline Main Summary
The Importance of Conducting Timely Price Reviews Main Summary
Stakeholder Involvement in the Regulatory Decision Making Process Main Summary
Improving Transparency and Accountability in the Electricity and Water Sectors Main Summary
Embedding Financial Viability and Sustainability Main Summary
Improving Performance Incentives for a Public Sector Monopoly (May 2021) Main Summary
Approach to Assessing Capital Expenditure for Price Reviews (May 2021) Main Summary
Social Policy & Strategy for the Water & Wastewater Sectors Main Summary

Press Releases

RIC Commences the Price Review Process for T&TEC (2020)
RIC Commences the Price Review Process for WASA (2020)
RIC’s Public Consultation Guidelines
RIC’s Ongoing Price Review Process for T&TEC and WASA

Related Items

Quality of Service Standards (QSS) for Water and Wastewater Services – Final Decision Main
Quality of Service Scheme for Electricity Generating Entities in Trinidad and Tobago– August 2018 Summary Main
Improving Transparency and Accountability in the Electricity and Water Sectors – April 2018 Main
Review of the Codes of Practice for Trinidad and Tobago Electricity Commission (T&TEC) – January 2018 Main
Procedures for Investigation and Review of Complaints – August 2017 Main
Review Of The Quality Of Service Standards For The Electricity Transmission And Distribution Sector – July 2017 Summary Main
Quality of Service Standards for the Electricity Transmission and Distribution Sector – Final Decision Main
Quality of Service Standards for the Supply and Distribution of Water and Wastewater Services – Final Decision Summary Main
Draft QSS for Water and Wastewater Services for public consultation Summary Main

Post navigation

Previous Post is ‹ Quality of Service Standards Annual Performance Report 2019 – Electricity Transmission and Distribution Sector
Next Post is Quality of Service Standards (QSS) for Water and Wastewater Services – Final Decision ›
© 2023 Regulated Industries Commission | Powered by Responsive Theme