Comments on: BELCO Retail Tariff Reduced As Of June 1st

By: Kathy

Kathy — Sat, 22 May 2021 17:12:37 +0000

“BELCO is sensitive to the needs of the Bermudian population – both residents and businesses alike.”

Why is there inaction on fixing the URGENT problem with people suffering desperately in the immediate surrounding area of BELCO from air pollution (people having to keep their doors and windows closed and not being able to let thier childre play outside)?

Your inactions now are determining your level of negligence later and we are all taking notes! ACT NOW to install the additional 2 crowns IMMEDIATELY, which you promised at your last forum would have a positive reduction on the devastating pollution landing on the patios, roofs and in the tanks and in the air we breathe of the houses surrounding BELCO.

We are asking you to ACT NOW!

By: Jon

Jon — Tue, 18 May 2021 13:04:41 +0000

Why is the Department of Energy’s solar project at the Finger “failed”?

By: A Bridge to Sell You

A Bridge to Sell You — Tue, 18 May 2021 00:15:44 +0000

Revenue deferral is just another way of saying BELCO did not collect enough revenue to receive it’s RA approved reasonable rate of return for invested capital. They don’t have all those expensive executives and board left at BELCO anymore. They all (mostly) got paid out so costs must be going down now and we the people benefit.

Utilities make money from investing in new assets. So
Revenue Required = Fuel + Labour + Depreciation + Tax + (Rate of Return)

Fuel is passed through. Labour is already reduced to non-Bermudians replacing Bermudians. Less sales means rates must go up eventually unless Algonquin wants to absorb a lower return.

So bigger question is how long is the deferral and what will be the changes to recover the rate of return required later?

Ticking clock. Caines, your bosses up North will want a win soon. Better hurry up and buy the Dept of Energy’s failed solar project at the Finger and become the hero.