Hashtag: #RegulatoryAuthority
RA Opens Consultation On BELCO Proposal
The Regulatory Authority of Bermuda [RA] announced the “start of the Integrated Resource Plan [IRP] consultative process with the release of the BELCO IRP Proposal.” A spokesperson said, “The IRP is a strategic blueprint outlining Bermuda’s long-term energy future. The IRP Proposal, which is BELCO’s view of the energy future,... Read more of this article
Minister: ‘Decision Is Excellent News For The RA’
Minister of Home Affairs Walter Roban “threw his support behind the RA for protecting the interest of residents and consumers following the court’s finding in favour of the Regulatory Authority [RA].” Minister Roban explained, “This decision is excellent news for the RA and the ratepayer. The RA is responsible for looking after... Read more of this article
RA Publishes Sectoral Review Report
The Regulatory Authority of Bermuda [RA] released its sectoral review, with a focus on the electricity sector. A spokesperson said, “Fulfilling legislative obligations and aligning with mandates, the Regulatory Authority of Bermuda [RA] has released its sectoral review, with focus on the electricity sector. This periodic review, conducted every... Read more of this article
RA To Extend Oversight To Fuel Sector
The Regulatory Authority of Bermuda announced “its expansion into the regulation of the fuel sector, effective 1 January 2024.” A spokesperson said, “This strategic move is in alignment with the Fuel Act 2022, signifying a noteworthy step in the organisation’s commitment to regulatory oversight in Bermuda. This aligns with... Read more of this article
RA Approves Increase In Feed-In-Tariff
The Regulatory Authority of Bermuda [RA] has approved an adjustment to the Feed-In-Tariff [FIT], increasing it from 0.131 $/kWh to 0.1915 $/kWh. A spokesperson said, “This decision is a calculated response to the dynamic shifts unfolding in both the energy and economic landscapes. “The rationale behind this move is grounded in a commitment... Read more of this article
RA Approve Reduction In BELCO FAR Rate
[Updated] The Regulatory Authority [RA] announced the “approval of a reduction in the Fuel Adjustment Rate [FAR] from the existing rate of 24.5 cents per kilowatt hour [kWh] to 18.4 cents per kWh, effective January 1st.” A spokesperson said, “This decision follows a comprehensive evaluation of BELCO’s 2024 Q1 FAR submission indicating... Read more of this article
Public Feedback On Digicel Change Of Control
The Regulatory Authority [RA] is seeking public input on the 2023 Digicel Bermuda Change of Control before January 2, 2024. A spokesperson said, “The Regulatory Authority [RA] is inviting public comment on the 2023 Digicel Bermuda Change of Control Public Consultation. To read the consultation document and submit feedback, please visit this page... Read more of this article
Regulatory Authority Starts Inquiry Into BELCO
The Regulatory Authority of Bermuda [RA] announced the “commencement of an inquiry into the operations of the Bermuda Electric Light Company Limited [BELCO].” A spokesperson said, “The RA, entrusted with a mandate focused on consumer protection, stakeholder interests, and overall investment welfare, has raised substantial concerns... Read more of this article
Regulatory Authority Appoints Donn Foggo
Donn Foggo has been appointed as the Director of Communications & Stakeholder Engagement at the Regulatory Authority of Bermuda. A spokesperson said, “The Regulatory Authority of Bermuda [RA] proudly announces the appointment of Donn Foggo as the new Director of Communications & Stakeholder Engagement. In his role, Mr. Foggo will be responsible... Read more of this article
Minister Considering Legal Action About FAR
The RA will stand by its original provisional decision on the Fuel Adjustment Rate [FAR], Minister Roban said, adding that “therefore legal action must be considered to address this decision” as the increase “is not in the public’s best interests” and “does nothing but cause hardship.” BELCO previously advised... 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
RA Directed To ‘Commence Appropriate Actions’
[Updated] The Minister of Home Affairs received a letter from the Department of Environment and Natural Resources notifying him of “BELCO’s breach of the Clean Air Act 1991″ and he has directed “the Regulatory Authority to commence appropriate actions.” The June 30th official notices had an item titled ‘Direction to... Read more of this article
