Hashtag: #OilAndEnergy
BELCO: Fuel Adjustment Rate To Increase
BELCO advised that beginning October 1st, 2023 there will be an increase in the Fuel Adjustment Rate [FAR]. A spokesperson said, “With the approval of the Bermuda Regulatory Authority, the FAR will increase from the existing rate of 16.513 cents per kilowatt-hour [kWh] to 24.517 cents per kWh. The FAR is comprised of 20.09 cents per kWh FAR and... Read more of this article
Ariel Re Relaunches Clean Energy Division
Global [re]insurer Ariel Re has relaunched its Clean Energy division as Ariel Green, “recognizing the increasingly crucial role of Technology Performance Insurance in accelerating innovation in solar, energy storage, hydrogen, and bioenergy to help curb climate change.” A spokesperson said, “Ariel Re has insured $30bn worth of assets... Read more of this article
RA To Host Town Halls On Offshore Wind Farms
The Regulatory Authority is reminding the public about two additional town hall events regarding the “potential of offshore wind farms for Bermuda.” A spokesperson said, “Following the success of its initial town hall meeting held in July 2023, regarding the potential of offshore wind farms for Bermuda, the Regulatory Authority is... Read more of this article
Adrift Oil Barrel Safely Recovered From Water
A cruise ship “sighted a suspected oil barrel adrift in Murrays Anchorage” and it was safely recovered from the water. A Bermuda Maritime Operations Centre spokesperson said, “Monday 17th July, 11:40am – Bermuda Radio was notified by the inbound cruise ship Vision of the Seas, that they had sighted a suspected oil barrel adrift in Murrays... Read more of this article
Gasoline Prices Expected To Remain Same
“The price at the pump for Gasoline as of Friday, June 16, 2023, will remain at 234.10 cents/litre,” announced Premier and Minister of Finance David Burt. “This price is equal to the February 2022 level of 234.10 cents/litre, at which prices were capped for the last fifteen months. “Diesel, for the third consecutive month, is below its price... Read more of this article
RA Public Consultation: Offshore Wind Farm
As part of the next steps for Bermuda’s Integrated Resource Plan [IRP], the Regulatory Authority [RA], is “exploring new sources of clean energy in the form of an offshore wind farm and is inviting the public to hear about the preliminary results prior to making a decision.” Nigel Burgess, Acting Chief Executive at the RA said; “The... Read more of this article
Gasoline Prices Expected To Remain Same
“The price at the pump for Gasoline as of Tuesday, May 16, 2023, is expected to remain at 234.1 cents/litre,” announced Premier and Minister of Finance David Burt. “This price is equal to the February 2022 level of 234.10 cents/litre, at which prices were capped for the last fourteen months while global prices soared.” Without the price cap... Read more of this article
Caribbean Energy Professionals Meet
Energy professionals from 12 Caribbean countries recently met to learn about Bermuda’s clean energy progress. A Government spokesperson said, “Recently [30 March], Acting Premier and Minister of Home Affairs Walter Roban gave closing remarks highlighting Bermuda’s clean energy progress and learnings to energy professionals from 12 Caribbean... Read more of this article
Bermuda Hosts Energy Transition Summit
Bermuda welcomed 20 energy professionals from 12 Caribbean nations for the Caribbean Energy Transition Academy Fellowship Summit. A Government spokesperson said, “This week, Bermuda welcomes 20 energy professionals from 12 Caribbean nations for the week-long Caribbean Energy Transition Academy Fellowship Summit and is proud to have 3 participants... Read more of this article
Premier: Gasoline Prices Fall In January
“Today I am pleased to report that the price at the pump for gasoline has fallen 5.2 cents from the price cap put in place in February 2022,” announced Premier and Minister of Finance David Burt. Premier Burt continued, “As a result of Russia’s war in Ukraine, consumers worldwide faced record-high gas prices; however, the same cannot be said... Read more of this article
New Offshore Wind Feasibility Study Released
“A 60MW offshore wind farm could generate up to 40% of Bermuda’s electricity,” according to a new study released by Greenrock into Offshore Wind Feasibility. A spokesperson said, “After completing an independent review of work carried out to date a few months ago, Greenrock is pleased to announce the release of an Offshore Wind detailed... Read more of this article
Greenrock To Host Sponsor Forum On October 7
In its mission to “raise awareness and funds to support” the Offshore Wind Feasibility Study Series, developed in collaboration with UK-based Offshore Wind Experts, BVG & Associates, Greenrock will be holding a sponsor forum at the Chubb Building, from 12.00pm to 2.00pm, on Friday [Oct 7]. “The forum, designed to host existing... Read more of this article
Bill Tabled To Move Fuel Regulation To The RA
The ‘Fuels Bill 2022′ will move the “responsibility for the regulation of fuels under the auspices of the Regulatory Authority,” Deputy Premier & Minister of Home Affairs Walter Roban said in the House of Assembly. The Minister said, “The Fuels Bill seeks to make the Regulatory Authority responsible for not only the... Read more of this article
Govt: Draft Fuels Bill For Public Consultation
The Government has introduced the Draft Consultation Fuels Bill and is inviting the public to provide feedback by emailing the Department of Energy at energy@gov.bm by September 7th. A Government spokesperson said, “The public will recall the efforts of the Department of Energy that led to the Government’s adoption of Bermuda’s National Fuels... Read more of this article
NSC To Begin Renewable Energy Phase 3
The National Sports Centre said they “will commence work on the third phase of its renewable energy project which is expected to produce 20% savings on utility costs to the facility.” A spokesperson said, “Phase one, which has been completed, involved the installation of a new energy efficient heating/cooling system to regulate temperatures... Read more of this article
RFP Issued For Solar On 30 Govt Buildings
The Government has issued an RFP for rooftop solar for “approximately thirty Government owned buildings across Bermuda.” The notice said, “This Request for Proposals [RFP] is an invitation by the Government of Bermuda to prospective proponents to submit proposals for Government Solar Development Project, as further described in Section... Read more of this article
