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Friday, February 5, 2010

Telephone rates rising

If you did not notice the advertisments telephone rates are rising. Effective March 1st, 2010 we will be paying a new basic residential telephone rate of 41 dollars and 21 cents. This is an increase of 4.295 per cent if my maths is correct. LIME could have opted for 4.5 per cent so let's give thanks and praises (not literally). The previous Price Cap ruling by the Fair Trading Commission granted the company a seven per cent increase which created a strong wave of protest from several of us. Following various submissions when that came up for review a rate freeze was granted for a while and now the remainer of the Price Cap period will see this recent price announcement.
So apart from budgeting, including for the new electricity rates which are even more of a burden, what can ordinary citizens do? Well we need to spend some time understanding the issues. Secondly we need to lobby for a better deal. The fact that a partial price freeze was given is some indication that not everything falls on deaf ears at the FTC.
The Commission however appears far more conservative than in the past hence research is needed for the future revision.

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