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Festival Of Lights Raises $21,373 For WindReach

Festival Of Lights Raises $21,373 For WindReach

The Festival of Lights – which was powered by BELCO and supported by the Department of Parks — raised $21,373 for WindReach this holiday season. Thousands of people visited the Botanical Gardens to experience the popular light displays, which ran every Saturday between November 30th and December 21st. During the Festival of Lights, volunteers... Read more of this article

“PLP Welcomes Reduction In Electricity Bills”

“PLP Welcomes Reduction In Electricity Bills”

The PLP said they welcomed the “reduction in electricity bills” as “beginning in January 2020, 95% of Bermudian families will see a reduction in their energy bills.” “This holiday season, we are committed to focusing on the sure and steady progress we’re making for Bermudian policies,” said Acting Leader Walter... Read more of this article

BELCO ‘Welcome The New Rate Reduction’

BELCO ‘Welcome The New Rate Reduction’

[Updated] “Customers will see a modest reduction of overall rates following approval by the Bermuda Regulatory Authority,” BELCO said today. “The new rates were developed with extensive effort by BELCO and the RA to implement the retail tariff methodology issued by the RA in 2018. These new rates will be applied to all meter readings... Read more of this article

Minister Walter Roban On Electricity Tariff Cuts

Minister Walter Roban On Electricity Tariff Cuts

“We are pleased that the Regulatory Authority has today assisted in the delivery of one aspect of our agenda; driving down the cost of electricity via the slashing of Electricity Retail Tariffs,” Minister of Home Affairs Walter Roban said. The Minister’s comments follow after the Regulatory Authority of Bermuda announced that “effective... Read more of this article

Electricity Retail Tariffs Reduced For 2020

Electricity Retail Tariffs Reduced For 2020

The Regulatory Authority of Bermuda announced that “effective January 1, 2020, retail tariffs for Bermuda’s electricity sector will decrease across customer groups.” “The retail tariff is a component of a monthly BELCO bill that is reflected as a ‘Charge’. It is the rate at which electricity per kilowatt hour is sold to... Read more of this article

BELCO Festival Of Lights At Botanical Gardens

BELCO Festival Of Lights At Botanical Gardens

The  Festival of Lights is returning to the Botanical Gardens this holiday season, set to start on November 30th. A spokesperson said, “The popular Festival of Lights, powered by The Bermuda Electric Light Company Limited “BELCO” and supported by The Department of Parks, is returning to the Botanical Gardens this holiday season. “Between... Read more of this article

Ascendant Group Announces 3rd Quarter Results

Ascendant Group Announces 3rd Quarter Results

Ascendant Group – the parent company of BELCO – today [Nov 13] announced results for the third quarter of 2019, stating that “core earnings from operations, before corporate expenses, were $19.5 million or $2.05 per share compared to $22.9 million or $2.32 per share for the first nine months of 2018.” A spokesperson said, “Ascendant... Read more of this article

Power Outages Due To Inclement Weather

Power Outages Due To Inclement Weather

BELCO crews are working to restore power following a “small number” of outages across the island due to the inclement weather. A spokesperson said, “BELCO is aware of a number of small outages across the island as a result of the inclement weather. Crews are working as safely and quickly as possible to restore power to affected areas. “Safety... Read more of this article

Road Closures For Plant Construction Extended

Road Closures For Plant Construction Extended

The Ministry of Public Works is advising that the two road closures to be held simultaneously from Monday, December 10 through to January 2020 to accommodate construction of the North Power Plant at BELCO have been extended to Tuesday, March 31, 2020. A Government spokesperson said, “The Ministry of Public Works is advising motorists and pedestrians... Read more of this article

Column: “Committed To Investing In The Island”

Column: “Committed To Investing In The Island”

[Opinion column written by Algonquin CEO Ian Robertson] When Algonquin Power & Utilities Corp. [Algonquin] was founded in 1988 to develop and own generating stations in mostly remote regions of Canada, it was imperative to build and maintain strong relationships with the communities in which we operate, primarily through job creation, excellent... Read more of this article

BELCO Wins Best Energy Storage Project Award

BELCO Wins Best Energy Storage Project Award

BELCO has won the Best Energy Storage Project award at the Caribbean Renewable Energy Forum [CREF] for its recently commissioned Nolan Smith Battery Energy Storage System [BESS]. CREF is the largest annual gathering of the Caribbean clean energy market and the awards programme recognizes leaders in the Caribbean energy sector who are making a lasting... Read more of this article

BELCO Celebrates North Power Station Progress

BELCO Celebrates North Power Station Progress

Staff from the Bermuda Electric Light Company [BELCO] recently held a roof wetting ceremony to celebrate the completion of the main structure and roof of the North Power Station [NPS]. A spokesperson said, “The NPS is part of the Company’s $250 million capital plan to ensure BELCO can continue to provide Bermuda’s residents and businesses... Read more of this article

BELCO Scholarships & Bursaries Recipients

BELCO Scholarships & Bursaries Recipients

BELCO congratulated the recipients of this year’s annual scholarships and bursaries, ranging from $1,000 to $25,000 per selected student. Sixteen deserving students received the BELCO scholarships and bursary awards, which will assist them in their tertiary studies. Ezra Turner received the $25,000 BELCO Postgraduate STEM Scholarship for a qualified... Read more of this article