Thu | Jul 19, 2018

Water rates could go up next month

Published:Saturday | October 29, 2016 | 9:53 AM

The Office of Utilities Regulation (OUR) says it should by next month be able to say whether water rates will go up.

The increase would fall under the so-called K-factor which is an OUR-determined mechanism for the National Water Commission (NWC) to fund approved capital projects to improve service to customers.

Currently, a K-factor rate of 14 per cent is charged on all customers but the NWC wants that to be increased to 20 per cent.

Senior regulatory analyst at the OUR, Sashana Miller, says the OUR is now in dialogue with the NWC about the final stages of the review.

There is a review in the tariff every five years.

The current period started in 2013, but the OUR said because of several changes it has been conducting a mid-term review.