Comments on: National Electricity Sector Policy For Bermuda

By: bluebird

bluebird — Sat, 06 Jun 2015 17:43:12 +0000

So we are all looking for something for NOTHING.
Or maybe we should be like the Caribbean and have brown outs all the time.We have a highly paid workforce at Belo and a third of there income goes to Pensions besides all of the ascendant group gets a 30% discount off there electric bills, then they have to find some return for those that invested in the Belo shares.
We can’t operate the society and lifestyle that we enjoy without power.
When you hit the switch the lights come on unlike some countries in the world who have some of there population that cannot access an electric supply.
We are in a catch 22 where the population decreased rapidly during the previous administration because they did not look like us.
And don’t forget the $2Billion dollar debt at $170Million interest each year besides still borrowing $220Million to keep the civil service going.

By: ya mon

ya mon — Sat, 06 Jun 2015 12:56:08 +0000

http://www.foxbusiness.com/markets/2015/06/05/opec-says-goodbye-to-100-oil/

how can Belco raise prices when oil prices are decreasing.

By: Bermyman

Bermyman — Sat, 06 Jun 2015 12:03:32 +0000

In reality the main aim is to protect BELCO, as it is clearly stated in the paper:
Electric Utility
The Electric Utility will be subject to regulatory scrutiny. The Electric Utility will:
 Be the sole party responsible for providing transmission, distribution, and retail services on the island
 Be the single buyer of power from all other generators
 Have a duty to operate all of its assets efficiently
 Be required to maintain stability of the system and a high standard of service
 Be allowed to always recover its costs, and earn a fair return on investment
 Be subject to accounting separation of its generation, transmission and distribution, and retail lines of business
 Be required to submit to the Regulatory Authority all retail rates for approval, and only allowed to charge retail rates with such approval
 Be subject to a universal service obligation to supply electricity to all end users
 Be responsible for meeting all demand by end users, except where end users
supply to themselves.

BELCO will always be in charge of what price meets the end consumer. This is not competition this is BELCO buying the power and then selling it on at whatever price they choose.

By: Gas

Gas — Sat, 06 Jun 2015 10:09:06 +0000

There goes another $450,000 to offshore consultants so the OBA can justify continuing to support a utility that is moving steadily toward its inevitable financial collapse thanks to its commitment to an outdated and expensive centralized generation model. This document is so clearly a push for LNG it’s laughable. Bermuda’s about to be shackled to decades of expensive electricity to pay for the infrastructure as smart homes and businesses drop off the grid and go solar.

By: Natural Gas

Natural Gas — Sat, 06 Jun 2015 10:08:24 +0000

By: Tom Cooke

Tom Cooke — Fri, 05 Jun 2015 21:20:41 +0000

And what would be wrong with that….nuclear power. ..nice and clean..keep it away from tsunamis. . But NIMBY. ….

By: Ed Case

Ed Case — Fri, 05 Jun 2015 19:41:33 +0000

And a policy on self important bloggers who can’t spell.
TIC TOC

By: Terry

Terry — Fri, 05 Jun 2015 19:07:37 +0000

Between you Truth and the Commodore……………………

Were screwed.
Shalom.

By: Crazy

Crazy — Fri, 05 Jun 2015 18:30:57 +0000

What a waste of time and money. This OBA Government never once paid any mind to the 2011 Energy White Paper, and the Director of Energy has only sought to keep herself employed by pursuing worthless exercises such as this one.

By: Mr. EverReady

Mr. EverReady — Fri, 05 Jun 2015 18:09:33 +0000

I have just read on the BBC that the Royal Navy has a number of nucular powered subs sitting around. Why don’t we get one and plug it into the grid. The British Government might pay us to take one.
Free electricity for ever.

By: Mockingjay

Mockingjay — Fri, 05 Jun 2015 18:07:50 +0000

We need a policy on shabby politics.

By: Concerned

Concerned — Fri, 05 Jun 2015 17:22:51 +0000

Hold on this coming just when BELCO is requesting an increase
Buh freeze any and all increases until 2017

By: Truth is killin' me...

Truth is killin' me... — Fri, 05 Jun 2015 16:46:53 +0000

Let’s hope that these solar panels get put in place on the finger sooner rather than later. I would pay a solar tax if I knew my BELCO bill wasn’t going to kill my paycheck with these fluctuating oil prices and greedy shareholders!