Hashtag: #Electricity
Regulatory Authority Electricity Sector Regulation
In July 2017 the Regulatory Authority received consent for the final form of electricity sector licenses, and these “licenses, as well as a license application process developed by the Authority, have now been enacted as general determinations, completing their final and formal legislative stage.” An RA spokesperson said, “On 28 October... Read more of this article
Bermudian Steven Douglas Joins BE Solar
Steven Douglas has joined the team at BE Solar as their dedicated Project & Procurement Manager. “Steven has vast experience and qualifications in the areas of construction and installation having worked in the elevator industry for over 13 years. He is a certified facility manager through BOMI International and has numerous other certifications,”... Read more of this article
Deadline For Submissions On Net Metering
Update: The deadline has been extended to Wednesday, August 2nd. Greenrock is reminding the members of the public that the deadline for submitting feedback regarding net metering is tomorrow [July 28]. Executive Director of Greenrock, Jonathan Starling said, “Greenrock would like to remind members of the public that the deadline for submitting feedback... Read more of this article
BELCO Traffic Advisory Due To Cable Repairs
Bermuda Electric Light Company Limited [BELCO] is advising the motorist that road work is currently being carried out to repair a 22 kV transmission cable fault on Pitts Bay Road. A spokesperson said, “BELCO wishes to advise motorists that road work is currently being carried out to repair a 22 kV transmission cable fault on Pitts Bay Road at the... Read more of this article
Solar Panels Installed At Museum In Dockyard
UK-based renewable energy investment company Low Carbon, the official renewable energy partner to Land Rover BAR, announced the completion of a partnership project to install solar panels at the National Museum of Bermuda, thereby reducing the museum’s carbon emissions. The solar panel installation was funded through a partnership with Low Carbon,... Read more of this article
Ascendant Group Share Repurchase Program
In a filing with the Bermuda Stock Exchange, Ascendant Group Limited announced a repurchase of up to 200,000 shares through a further share repurchase program. The full filing stated, ”Ascendant Group Limited [the “Company”] announces that, given the Company’s existing share repurchase program expired today [May 19], its Board of Directors... Read more of this article
Ascendant Group 2016 Earnings: $13.9 Million
Ascendant Group Limited announced core earnings in 2016 of $13.9 million compared with $13.8 million in 2015. “Bermuda Electric Light Company Limited [BELCO] reported a 36% increase in operating earnings to $24.3 million, largely due to an increase in basic tariff rates effective June 2016,” the company said. “AG Holdings Limited [AG... Read more of this article
Regulatory Authority Electricity Consultations
The Regulatory Authority has today [May 8] commenced public consultations in relation to electricity sector licenses. “These public consultations are an important and key opportunity for the residents and businesses of Bermuda to provide their views as to the form and content of the licenses that will be used by the Authority to regulate the electricity... Read more of this article
New Regulatory Authority Fee On BELCO Bills
As of April 1st, 2017, BELCO is required to pay a Regulatory Authority Fee in the amount of $0.00475 per kilowatt-hour sold, and a result, “all bills with meter reading dates from April 1st, 2017 will now include a new recovery fee, titled Regulatory Authority Fee, based on the above-stated rate.” The company said, “BELCO would like... Read more of this article
RA Seek Feedback On Solar Net Metering
The Regulatory Authority said they recently intervened in the electricity market with regard to solar net metering, via the issuance of an Emergency General Determination in relation to BELCO. “As part of this process, the Authority is now consulting on solar net metering and invites comments and input from the public and all interested parties,”... Read more of this article
BECL Southside Will Be Closed On Thursday
Due to a scheduled power interruption, the Bermuda Emissions Control Ltd [BECL] testing facility at Southside will be closed all day on Thursday [March 16]. A spokesperson said, “The Bermuda Emissions Control Ltd. testing facility at Southside will be closed all day Thursday March 16, because of a scheduled power interruption in the area. “The power... Read more of this article
BELCO To Take Meter Readings On Saturdays
BELCO said they “would like to advise customers that Meter Readers will be taking readings on Saturdays for the foreseeable future to ensure that customer billing cycles do not extend pass the normal 30-day meter reading cycle.” “Meter Readers will be in their BELCO uniform and will always carry Company ID, which is available to customers... Read more of this article
BECL Southside Will Be Closed On Thursday
Bermuda Emissions Control said they would “like to advise that the Southside Satellite Vehicle Inspection Center will be closed on Thursday, February 16th 2017 as a result of ongoing works by the Bermuda Electric Light Company.” “There will be no power in that area from 9am to 5pm. For that day only, the public is advised to take their... Read more of this article
Electricity Turned On At Morgan’s Point Site
The developers of the Caroline Bay resort, located at Morgan’s Point have announced another milestone in the site’s development, with power turned on as of yesterday [Feb 2]. A spokesperson said, “The infrastructure – which stretches one mile from the Railway Trail in Southampton to the tip of the peninsula – has been a huge... Read more of this article
Low Carbon To Help Fund Solar Panels At NMB
Low Carbon, the UK-based renewable energy investment company and official renewable energy partner to Land Rover BAR, will help fund the installation of solar panels at the National Museum of Bermuda [NMB] in the Royal Naval Dockyard. “The installation is expected to generate more than 93,600kWh of clean energy per year, contributing to a significant... Read more of this article
BELCO Change: ‘Lower Overall Electricity Rate’
BELCO’s rates are set to change as of January 1, with the company saying the changes will result in a “lower overall electricity rate for customers.” A spokesperson said, “BELCO would like to advise its customers that pursuant to correspondence from the Regulatory Authority dated December 22nd , 2016 and the May 13th 2016 directive... Read more of this article
