Hashtag: #OilAndEnergy
Government Provide Energy Saving Tips
The Government said they are “committed to ensuring that it introduces solutions to assist hard working residents” and also encouraged residents to implement energy-saving measures. A Government spokesperson said, “The Government of Bermuda is committed to ensuring that it introduces solutions to assist hard working residents. That’s... Read more of this article
BE Solar Installs Solar Panels On Argus Building
BE Solar announced the successful completion of an innovative solar panel project at the Argus Group’s Wesley Street headquarters in Hamilton. A spokesperson said, “This 130 Aptos panel system installation marks a signifcant step towards sustainability and energy leadership in Bermuda’s corporate sector. “This initiative, designed with... Read more of this article
Govt Urges Public Input In Bermuda Energy Plan
“The Ministry of Home Affairs is “encouraging the public to participate in the next-generation Integrated Resource Plan [IRP] consultation process, highlighting the community’s crucial role in shaping Bermuda’s energy future.” A Government spokesperson said, “This public engagement ensures that our energy landscape... Read more of this article
RA Opens Consultation On BELCO Proposal
The Regulatory Authority of Bermuda [RA] announced the “start of the Integrated Resource Plan [IRP] consultative process with the release of the BELCO IRP Proposal.” A spokesperson said, “The IRP is a strategic blueprint outlining Bermuda’s long-term energy future. The IRP Proposal, which is BELCO’s view of the energy future,... Read more of this article
FDM On Energy Taxes, Solutions & More
The FDM said they “support the recent announcement by the Government to cut energy taxes” but added that it is “imperative that the Government moves beyond short-term fixes and focuses on sustainable solutions that address the root causes of our economic challenges.” A spokesperson said, “The Free Democratic Movement [FDM]... Read more of this article
Government Announces Energy Tax Reduction
Following the recent electricity rate increases, the Government announced it “will reduce energy taxes by at least 50%” saying the Cabinet approved the reduction yesterday and they are working to have it tabled in the House of Assembly on Friday “so that the tax cut can go into place with immediate effect.” A Government spokesperson... Read more of this article
BCAC On “Rushed Consultation” On Bill
The Bermuda Clean Air Coalition [BCAC] said they “vehemently condemn the Department of Environment and Natural Resources [DENR] and Minister of Home Affairs Walter Roban for their grossly inadequate three-week consultation period on the Clean Air Amendment Bill and Water Resources Amendment Bill. “This hasty process not only undermines years... Read more of this article
RA To Extend Oversight To Fuel Sector
The Regulatory Authority of Bermuda announced “its expansion into the regulation of the fuel sector, effective 1 January 2024.” A spokesperson said, “This strategic move is in alignment with the Fuel Act 2022, signifying a noteworthy step in the organisation’s commitment to regulatory oversight in Bermuda. This aligns with... Read more of this article
RA Approves Increase In Feed-In-Tariff
The Regulatory Authority of Bermuda [RA] has approved an adjustment to the Feed-In-Tariff [FIT], increasing it from 0.131 $/kWh to 0.1915 $/kWh. A spokesperson said, “This decision is a calculated response to the dynamic shifts unfolding in both the energy and economic landscapes. “The rationale behind this move is grounded in a commitment... Read more of this article
RUBiS Christmas & New Year’s Holiday Hours
RUBiS Energy Bermuda has shared details regarding the opening hours for their various locations during the Christmas and New Year’s holiday season. Related Stories RUBiS Christmas & New Year’s Holiday Hours RUBiS Service Station Christmas Holiday Hours Govt Responds To Comments On NSC Contract Gas Stations: Opening Hours Over The Holiday Oil... Read more of this article
RA Approve Reduction In BELCO FAR Rate
[Updated] The Regulatory Authority [RA] announced the “approval of a reduction in the Fuel Adjustment Rate [FAR] from the existing rate of 24.5 cents per kilowatt hour [kWh] to 18.4 cents per kWh, effective January 1st.” A spokesperson said, “This decision follows a comprehensive evaluation of BELCO’s 2024 Q1 FAR submission indicating... Read more of this article
Irbisio Green Fund Launches With $100M Target
The Irbisio Green Energy Fund is officially launching, aiming “to provide an integrated approach to clean technology infrastructure investing.” A spokesperson said, “Irbisio Green Energy Fund is launching today to provide an integrated approach to clean technology infrastructure investing. With an initial target of $100 million to... Read more of this article
