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Regulatory Authority Statement On Power Outage

Regulatory Authority Statement On Power Outage

“Such a national inconvenience is never a good thing and the best that can be done now is to use what transpired to reduce the risk of future events,”  the Regulatory Authority said following the island-wide power outage on Friday. The Regulatory Authority [Chief Executive Abayomi Carmichael said, “On Friday afternoon, every Bermuda... Read more of this article

Regulatory Authority 2022-23 Activity Report

Regulatory Authority 2022-23 Activity Report

The Regulatory Authority of Bermuda has published their Activity Report for the period April 1 to September 30, 2022, which states that “the purpose of this document is to report on the progress of activities of the Regulatory Authority of Bermuda [RA] for the electricity and electronic communications sectors for the fiscal year 2022-23.” As far... Read more of this article

RA Market Review: Electronic Communications

RA Market Review: Electronic Communications

The Regulatory Authority of Bermuda published the findings of its “Market Review: A high-level snapshot of the economic contribution of the electronic communications sector [EC] sector in Bermuda, which includes fixed network market, mobile sector, broadband market, and business connectivity.” The Market Review covers topics such as: Employment:... Read more of this article

Bermuda RA Appoint Abayomi Carmichael

Bermuda RA Appoint Abayomi Carmichael

The Board of Commissioners of the Regulatory Authority of Bermuda [RA] announced that effective January 1, 2023, Mr. Abayomi Carmichael will assume the role of Chief Executive of the RA. A spokesperson said, “Mr. Carmichael’s key competencies and expertise will assist the RA in its current and future needs to meet both its statutory and additional... Read more of this article

RA Invites Feedback On Retail Tariff Design

RA Invites Feedback On Retail Tariff Design

The Regulatory Authority [RA] is inviting the public and other interested parties to comment on its proposed Retail Tariff policies. 1. Retail Tariff Design Restructuring Report A spokesperson said, “The evolving electricity sector has prompted the RA to consider whether there are better ways to represent a customer’s total electricity cost for:... Read more of this article

Minister Supports RA’s Fuel Adjustment Rate

Minister Supports RA’s Fuel Adjustment Rate

“The high cost of electricity is a challenge to all of Bermuda”, said the Minister of Home Affairs Walter Roban. “And so the Ministry of Home Affairs fully supports the Regulatory Authority’s [RA] recent decision and announcement that effective October 1, the fuel adjustment rate [FAR] has been reduced by just over 16% to $0.16874/kWh from... Read more of this article

RA Invite Feedback On Proposed Methodologies

RA Invite Feedback On Proposed Methodologies

The Regulatory Authority is inviting the public and other interested parties to comment on proposed methodologies under consideration for calculating the Feed-in Tariff [FiT]. A spokesperson said, “The FiT is the pre-determined rate at which renewable energy is purchased by BELCO from residential or commercial distributed generators [“DGs”],... Read more of this article

RA: Proposed Work Plan For Public Consultation

RA: Proposed Work Plan For Public Consultation

The Regulatory Authority [RA] has released its proposed Work Plan for 2023-24 for public consultation A spokesperson said, “The Work Plan sets out the major activities that the RA intends to conduct during the fiscal year 2023-24. The Public Consultation document can be found under “Open Consultations” on the RA’s website: www.ra.bm/public-consultations.... Read more of this article

Bill Tabled To Move Fuel Regulation To The RA

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

BELCO Clarifies North Power Station Approvals

BELCO Clarifies North Power Station Approvals

Noting that it is at “the request of the Regulatory Authority,” BELCO  “clarified statements concerning the approval process for the North Power Station.” A spokesperson said, “At the request of the Regulatory Authority, Bermuda Electric Light Company Limited [BELCO] today clarified statements concerning the approval process... Read more of this article

Denton Williams Resigns As RA Chief Executive

Denton Williams Resigns As RA Chief Executive

Denton Williams has resigned as the Chief Executive of the Regulatory Authority of Bermuda [RA]. A spokesperson said, ““The Regulatory Authority of Bermuda confirms that the Chief Executive of the RA, Mr. Denton Williams, resigned several weeks ago to move to the next phase of his career. He is working with the Board of Commissioners to identify... Read more of this article

RA ‘Considering All Legal & Regulatory Options’

RA ‘Considering All Legal & Regulatory Options’

“BELCO has not made any attempt to correct the public record,” the Regulatory Authority of Bermuda [RA] said, adding that “as a result, the RA is now considering all legal and regulatory options relating to BELCO’s statements.” This follow after the RA released a public statement earlier this month saying that “in response... Read more of this article

RA  Accuses BELCO Of ‘Misleading The Public’

RA Accuses BELCO Of ‘Misleading The Public’

[Updated] The Regulatory Authority of Bermuda [RA] has issued a public statement to caution BELCO for what they said was “misleading the public”, with the RA alleging that BELCO has made “concerted” efforts to misinform. A spokesperson said, “In response to public outcries regarding ongoing soot emissions in the local community,... Read more of this article