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Ease of Doing Business in

Trinidad and Tobago

Trinidad and Tobago Download Profile (1734.6KB, pdf)
Region Latin America & Caribbean
Income Category High income
Population 1,360,088
GNI Per Capita (US$) 18,600
City covered Port of Spain

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 96 92 down
4
60.99 61.07 down
0.08
Starting a Business 69 69
-
88.59 88.33 up
0.26
Dealing with Construction Permits 149 149
-
59.21 59.20 up
0.01
Getting Electricity 31 24 down
7
84.36 84.30 up
0.06
Registering Property 150 151 up
1
47.51 47.50 up
0.01
Getting Credit 44 42 down
2
65.00 65.00
-
Protecting Minority Investors 53 51 down
2
60.00 60.00
-
Paying Taxes 145 142 down
3
57.33 57.33
-
Trading across Borders 123 114 down
9
62.60 63.48 down
0.88
Enforcing Contracts 168 167 down
1
36.55 36.55
-
Resolving Insolvency 70 66 down
4
48.74 48.97 down
0.23

DB 2017 Rank:

31

DB 2016 Rank:

24

Change in Rank:

down7

DB 2017 DTF (% points):

84.36

DB 2016 DTF (% points):

84.30

Change in DTF (% points):

up0.06

STANDARDIZED CONNECTION
Price of electricity (US cents per kWh) 7.2
Name of utility Trinidad and Tobago Electricity Commission
City Port of Spain
Indicator Trinidad and Tobago Latin America & Caribbean OECD high income
Procedures (number) info_outline 4 5.5 4.8
Time (days) info_outline 61 66.0 76.2
Cost (% of income per capita) info_outline 177.4 999.0 62.5
Reliability of supply and transparency of tariff index (0-8) info_outline 6 4.2 7.5
  • Measure of efficiency
    No. Procedure Time to Complete Associated Costs
    1

    Request final internal wiring inspection and obtain inspection certificate

    Agency: Govt. Electrical Inspectorate

    Customer/Contractor needs to obtain application form from Inspectorate offices. The Application form is to be completed by the licensed Wireman but signed by the owner/customer. On the same day that the Wireman submits this form, part or all of the costs associated with the inspection must be paid. The date for inspection is given immediately at this point (i.e. on the same day given that payment in part or in full has occurred).

    21 calendar days TTD 1,550
    2

    Submit service request to T&TEC and await site inspection

    Agency: Trinidad and Tobago Electricity Commission

    Documents to be submitted - Proof of ownership of premises to be connected: e.g. Title, Deed of Assent, Deed of Gift, Deed of Mortgage, Deed of Lease; Service Deposit for each meter; the Registration Certificate of the Company; A Letter from Company authorizing the bearer to sign on its behalf; Identification of the Signatory: e.g. Identification Card, Passport or Driver's Permit; The Company Seal or rubber stamp. Customer provides load details of connection. Once application is received, the utility carries out a survey to confirm that the capacity exists.

    14 calendar days TTD 0
    3

    Receive site visit from T&TEC and await conditions of supply letter

    Agency: Trinidad and Tobago Electricity Commission

    Once an application is received, the utility carries out a survey to confirm that the requested capacity can be supplied. After the survey is completed, T&TEC issues a Conditions of Supply letter informing the electrical contractor of the availability or non-availability of the capacity required, terms and conditions, connection costs and whether capital works would be required.

    5 calendar days TTD 203,415.23
    4

    Pay service deposit and await external connection, meter installation and electricity flow from T&TEC

    Agency: Trinidad and Tobago Electricity Commission

    Customer makes payment of estimated amount at utility offices, and utility conducts all external connection works and meter installation.

    21 calendar days TTD 5,250

  • Measure of quality
    Answer
    Reliability of supply and transparency of tariff index (0-8)
    Total duration and frequency of outages per customer a year (0-3)
    System average interruption duration index (SAIDI) 4.38
    System average interruption frequency index (SAIFI) 4.54
    Mechanisms for monitoring outages (0-1)
    Does the distribution utility use automated tools to monitor outages? Yes
    Mechanisms for restoring service (0-1)
    Does the distribution utility use automated tools to restore service? Yes
    Regulatory monitoring (0-1)
    Does a regulator—that is, an entity separate from the utility—monitor the utility’s performance on reliability of supply? Yes
    Financial deterrents aimed at limiting outages (0-1)
    Does the utility either pay compensation to customers or face fines by the regulator (or both) if outages exceed a certain cap? Yes
    Communication of tariffs and tariff changes (0-1)
    Are effective tariffs available online? Yes
    Link to the website, if available online ttec.co.tt ric.org.tt
    Are customers notified of a change in tariff ahead of the billing cycle? Yes
    Answer
    Price of electricity (US cents per kWh) 7.2

    Note:

    If the duration and frequency of outages is 100 or less, the economy is eligible to score on the Reliability of supply and transparency of tariff index.

    If the duration and frequency of outages is not available, or is over 100, the economy is not eligible to score on the index.