Comments on: BELCO Change: ‘Lower Overall Electricity Rate’

By: Interested Party

Interested Party — Fri, 17 Feb 2017 17:05:37 +0000

Oops, just saw the article date, oh well. My question still stands …

By: Interested Party

Interested Party — Fri, 17 Feb 2017 17:03:20 +0000

Am I missing something?… No mention of fuel surcharge…

By: bermudaglobetrotters

bermudaglobetrotters — Fri, 30 Dec 2016 18:25:33 +0000

Customers want to see a return to the lower facilities charge. (Which was increased effective June 2016). That would be an actual decrease in fees. Shalom.

By: YADON

YADON — Fri, 30 Dec 2016 16:38:51 +0000

That’s means your next bill will be lower. You pay for what the meter says.

By: Hope

Hope — Fri, 30 Dec 2016 12:15:12 +0000

This is deliberately confusing. This is not a lower rate. The rate in the last six months of 2016 was deliberately higher so that they could include a back charge for the first six months of 2016, due to the delay in the directive.

Your bill may drop in January when compared with December, but the bill for the whole of 2016 compared with 2017 will not be lower.

In fact, if you used a higher k-watt usage in the last six months of the year, compared with the first, then you were unfairly charged more than you should have been…in my opinion. A revised bill should have been calculated instead, with the cost of the catch-up spread over the last six months.

By: wondering

wondering — Fri, 30 Dec 2016 03:47:25 +0000

BELCo will still exploit its customers with the “tactically deployed estimated bills” – how many people have been overseas for a month and had a bill higher than a month when they were on Island?

Of all evil-doers, the lot at BELCo is most to be feared. They use more ingenuity in the planning of their scalping projects and will take greater risks in carrying them out than any other monopoly in Bermuda.

By: Serious Though

Serious Though — Fri, 30 Dec 2016 01:17:59 +0000

“The May 13th EC directive was made in response to BELCO’s June 2015 rate submission for the Utility to receive a reasonable return on equity in order to fund the ongoing infrastructure investment required to deliver highly reliable electricity to Bermuda”

In summary: BELCO will stop charging more since they have enough capital for projects

By: Election Year

Election Year — Fri, 30 Dec 2016 00:40:45 +0000

It is definitely an election coming…. Lower Belco Rates, Jobs for 5 weeks during America’s Cup, what next!

By: biggadon

biggadon — Thu, 29 Dec 2016 23:02:26 +0000

we will have to wait and see !

By: Truth is killin' me...

Truth is killin' me... — Thu, 29 Dec 2016 22:47:32 +0000

I’ll wait and see until I get my bill!

By: Terry

Terry — Thu, 29 Dec 2016 22:26:01 +0000

Yeah. So what.
They made millions and even though we have to use the cedarwood furnaces the gonna give us a break to keep us happy?

You believe this stuff?

Grab a pen and paper and make a list or cyberview the corporate makeup and shareholders and and and…..

2017. The year of the different color of the jelly bean.

By: Family Man

Family Man — Thu, 29 Dec 2016 21:16:58 +0000

So Belco has achieved it’s target return on equity but we’ve seen little in the way of infrastructure investment.

We have seen a lot of share buy-backs however which benefit management …