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BCAC On “Rushed Consultation” On Bill

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

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

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 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

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

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

Column: Deciphering Your BELCO Bills

Column: Deciphering Your BELCO Bills

[Column written by Denise DeMoura] People all over Bermuda feel helpless about confusing BELCO bills. They trigger many emotions since we know that most of us can’t get our electricity anywhere else. Feeling that electricity rates are out of our control, and getting even more expensive, causes anxiety. We feel powerless against such a large corporation... Read more of this article

Greenrock Offshore Wind Feasibility Study

Greenrock Offshore Wind Feasibility Study

Greenrock announced the release of the fourth study in our offshore wind feasibility study series – a Wind Speed and Annual Energy Production Analysis. A spokesperson said, “This study was commissioned to understand more accurately how much electricity could be generated by an offshore wind farm in Bermuda. “Key points from the study... Read more of this article

Column: Understanding Belco Fuels

Column: Understanding Belco Fuels

[Column written by Denise DeMoura] A few people have asked me to help them understand more about Belco. So I’m going to try: starting with fuels and the generators that turn them into electricity. It’s overwhelming just trying to understand the differences between the types of fuel that Belco could potentially use–and the many different names... Read more of this article

BCAC On Pollution, Higher Costs & More

BCAC On Pollution, Higher Costs & More

Members of the Bermuda Clean Air Coalition [BCAC] expressed concerns about pollution, the increased costs of electricity and more. A spokesperson said, “The announcement of increased costs for electricity has sparked outrage in the community, but for members of the Bermuda Clean Air Coalition [BCAC] and residents of the area, there is concern... Read more of this article

Column: Ideas For Lowering BELCO Bills

Column: Ideas For Lowering BELCO Bills

[Column written by Denise DeMoura] I’d like to share a few of my easiest ways to save money on BELCO bills. After I moved in with my husband, Anson Nash, he was shocked when I lowered our two-person monthly household electricity bill to about $100. So with BELCO’s new Fuel Adjustment Rate [FAR], our monthly bill will increase about $20. But for... Read more of this article

Column: Pearman On BELCO FAR Increase

Column: Pearman On BELCO FAR Increase

[Opinion column written by OBA Shadow Minister for Legal & Home Affairs Scott Pearman] In his speech made the day he became Opposition Leader, Jarion Richardson observed that “blame is not a solution”. Friday’s press conference by Deputy Premier Walter Roban on the impending increases in our electricity costs, was sadly short on meaningful... Read more of this article

Photos & Video: People Gather Outside BELCO

Photos & Video: People Gather Outside BELCO

People gathered outside of BELCO on Serpentine Road in Pembroke this morning [Oct 9] to express their concern about the Fuel Adjustment Rate [FAR] increase which took effect this month. BELCO previously advised that beginning on October 1st, 2023 there will be an increase in the FAR. A spokesperson said, “With the approval of the Bermuda Regulatory... Read more of this article

BELCO On ‘Misconceptions’ About FAR Increase

BELCO On ‘Misconceptions’ About FAR Increase

Since announcing there would be an increase in the Fuel Adjustment Rate [FAR] “there have been several misconceptions and incorrect information circulating,” the BELCO President said, adding that “customers’ bills are not increasing by 48%, only a portion of the bill will increase, the base rate and other charges will remain the... Read more of this article

BELCO: Fuel Adjustment Rate To Increase

BELCO: Fuel Adjustment Rate To Increase

BELCO advised that beginning October 1st, 2023 there will be an increase in the Fuel Adjustment Rate [FAR]. A spokesperson said, “With the approval of the Bermuda Regulatory Authority, the FAR will increase from the existing rate of 16.513 cents per kilowatt-hour [kWh] to 24.517 cents per kWh. The FAR is comprised of 20.09 cents per kWh FAR and... Read more of this article

Ariel Re Relaunches Clean Energy Division

Ariel Re Relaunches Clean Energy Division

Global [re]insurer Ariel Re has relaunched its Clean Energy division as Ariel Green, “recognizing the increasingly crucial role of Technology Performance Insurance in accelerating innovation in solar, energy storage, hydrogen, and bioenergy to help curb climate change.” A spokesperson said, “Ariel Re has insured $30bn worth of assets... Read more of this article