RA Publishes 2017 – 2018 Annual Report

August 25, 2021 | 0 Comments

The Regulatory Authority [RA] has published its Annual Report for the fiscal year 2017 – 2018, which presents the annual activities and financial statements of the Regulatory Authority.

The Authority Chair commented, “This Annual Report presents the annual activities and financial statements of the Regulatory Authority [“the Authority”] of Bermuda for the fiscal year April 1, 2017 to March 31, 2018, which is the Authority’s fifth year of operation since it was established in 2013. The Authority’s budget and Work Plan for the fiscal period were approved by the Minister of Finance on April 20, 2017, and its activities were carried out within the approved budget.

“The main strategic focus for the fiscal period was based on establishing a significant and robust regulatory framework for Bermuda’s electricity sector in order to liberalize the electricity generation market, protect end-users, to ensure that opportunities exist for all credible supply or demand-side entities and to modernize the sector. I am pleased to report that the Authority completed several substantial projects and initiated others in the sector, which will be detailed further in this report.”

The full RA Annual Report for FY 2017 – 2018 follows below [PDF here]:

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