Tancoo announces surcharge on high residential electricity use

Fi­nance Min­is­ter Dav­en­dranath Tan­coo has an­nounced a five-cent-per-kilo­watt-hour sur­charge on res­i­den­tial elec­tric­i­ty con­sump­tion above 3,000 kilo­watt-hours per billing pe­ri­od, a mea­sure ex­pect­ed to gen­er­ate $17.8 mil­lion in ad­di­tion­al rev­enue.

The sur­charge will take ef­fect on Jan­u­ary 1, 2027, and is ex­pect­ed to af­fect 10 per cent of house­holds, ac­cord­ing to Tan­coo, who said the thresh­old was de­signed to pro­tect house­holds with mod­er­ate elec­tric­i­ty con­sump­tion.

Pre­sent­ing the 2027 Bud­get in Par­lia­ment to­day, Tan­coo said he had been ad­vised that 90 per cent of house­holds in Trinidad and To­ba­go con­sumed less than the pro­posed thresh­old.