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Cheap Jerseys Free Shipping could have come within a month

The government has still not made any decision to raise tariffs at the Guyana Power and Light Company (GPL) nor has there been a decision to inject any significant amount of money into the entity to ensure that there are no tariff increases.This is according to Chairman of the Board of Directors at the utility company, Winston Brassington.He added that the government will have to make a detailed pronouncement on the situation. The company is currently not collecting enough rates to balance cash flow,Cheap Nike NFL Jerseys, Brassington insists.Compounding the situation is the fact that the company is experiencing technical and commercial losses amounting to some 34 per cent.On May 28 last, GPL announced that a tariff hike,Wholesale China Jerseys, which it considered a last resort, could have come within a month, but 50 days later a decision is still to be made.At that time,Wholesale Jerseys, Brassington lamented that the company’s losses were recorded at $400M monthly.He pointed out that GPL was examining four alternatives, one of those being an increase of tariff.The other three choices included an increase in conservation measures, load shedding at peak hours,Budda Baker Jersey, and Government support to GPL in the form of higher tariffs for Government customers or an overall level of cash support.The fuel bill is $24B per annum, according to Brassington, and fuel prices on the world market are currently in the vicinity of US$136 and US$140 per barrel.Brassington added that since April, the continued increase in fuel price implies that for the rest of the year,Cheap Jerseys Free Shipping, a shortfall of some $4B can be expected.This, he said, is based on current prices that have been rising rapidly. “With each new shipment we face a higher price practically…The current problem is impacting us financially in that we have a relative build up in recent times.”In an attempt to balance cash flow without significantly increasing the prices, consumers will have to pay. The company has had to cut all its non-essential expenditure on the operational side.“We do have to make a decision shortly because the situation is not sustainable, given that we are losing about four hundred million a month.”One key factor in determining GPL finances, Brassington noted,Wholesale China Jerseys, is the effect of the daily peak and the benefits of the conservation.As the peak falls, GPL is expected to use less diesel while more is consumed as the peak rises.GPL services approximately 120,000 domestic customers.
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