Hashtag: #RegulatoryAuthority
RA: Electricity Tariffs Open To Consultation
The Regulatory Authority said that “in its assessment of electricity rates is proposing a change in the way rates are calculated and has today released a Retail Tariff Methodology Consultation document.” “The Authority proposes to introduce cost-efficiency incentives alongside the traditional rate-of-return model, to promote affordable... Read more of this article
Public Being Consulted On Electricity Standards
The public is being asked for input on what will soon become the service standards for BELCO and other licensed electricity providers. The Regulatory Authority’s Interim CE, Aaron Smith, said, “The Authority is primarily concerned with ensuring that consumers receive safe and reliable services at just and reasonable rates. “The Authority... Read more of this article
BELCO ‘Extremely Pleased’ By RA’s Order
BELCO said they are “extremely pleased” with the publication of the Regulatory Authority’s Order as they can now compensate distributed generation customers “after a lengthy impasse during which BELCO was legally unable to compensate certain distributed generation customers.” “Once signed contracts are in place with... Read more of this article
BELCO Ordered To Pay Distributed Generators
[Updated] BELCO has been ordered by the Regulatory Authority of Bermuda [the Authority] to pay all distributed generators for the electricity they feed-in to the BELCO grid according to RA officials. A spokesperson said, “Until now, some consumers who feed-in their excess power from distributed generation to BELCO’s grid have not yet been paid.... Read more of this article
Public Consultation For IRP Proposal Extended
The deadline for public consultation on the Integrated Resource Plan [IRP] Proposal for Bermuda’s future electricity needs has been extended until August 17th. An RA spokesperson said, “The Regulatory Authority of Bermuda has received approval from the Minister of Transport and Regulatory Affairs to extend the deadline for public consultation on... Read more of this article
RA: ‘Smart Meters In Bermuda Considered Safe’
The Regulatory Authority of Bermuda released the findings of its independent assessment of BELCO smart meters, saying that the “test results show that smart meters used in Bermuda are considered safe for general population.” “The Authority tested radio frequency [RF] radiation emissions against the standards for Maximum Permissible... Read more of this article
RA: Smart Meters “Meet FCC Safety Standards”
In light of recent public concern around the safety of ‘smart meters’, the Regulatory Authority of Bermuda is assuring the public that the meters deployed in Bermuda meet United States Federal Communications Commission [FCC] safety standards. ‘Smart meters’, or Advanced Metering Infrastructure [AMI], are used to meter the use of electricity... Read more of this article
Video: Town Hall Meeting On Energy Sector
As part of their public consultation, the Regulatory Authority of Bermuda is holding a Town Hall meeting this evening [May 10] on the future of Bermuda’s energy sector. Regulatory Authority Interim Chief Executive, Aaron Smith previously said,“We are keen for as many stakeholders as possible to participate in this public consultation. The Town... Read more of this article
RA Town Hall Meetings On Island’s Energy Plan
The Regulatory Authority of Bermuda is hosting Town Hall meetings starting today – Tuesday May 8th — with a second one set for Thursday May 10th. The public meetings are open to all interested parties to learn more about how Bermuda’s future energy plan will be developed and how to submit proposals toward the plan. The presentation... Read more of this article
RA Public Consultation On Energy Sector
The Regulatory Authority of Bermuda has today launched the first stage of public consultation on a proposed Integrated Resource Plan [IRP] for Bermuda’s energy sector. The proposed IRP document, produced by BELCO, is now published and the public is encouraged to provide input on the proposal. Public and stakeholder submissions and comments will feed... Read more of this article
Consultation On Feed-In Tariff Methodology
Consultation on the method to calculate the rate paid to Renewable Energy Metering Scheme participants is underway, the Regulatory Authority of Bermuda announced today. The Feed-in Tariff is paid by BELCO to compensate people who are connected to the electricity network and who generate electricity via renewable energy systems such as solar panels and... Read more of this article
RA Seek Feedback: Electronic Communications
The moratorium on issuing new Integrated Communications Operating Licences [ICOLs] could be reviewed; new regulations put in place to protect the Island’s internet network if an undersea cable is damaged; and, consumers could be given compensation for outages or failures in service. Those are just some of the topics being examined in a new wave of... Read more of this article
RA: ‘Security Of Electricity Supply For Bermuda’
A decision to allow BELCO to replace ageing generators “was necessary for safety and the security of electricity supply for Bermuda,” the Regulatory Authority of Bermuda said today. Last week it was announced that the Authority had issued an order for the replacement of aged generation assets permitting BELCO to start installation of four... Read more of this article
RA Public Consultation For Retail Tariff Design
The Regulatory Authority of Bermuda has issued a consultation to receive feedback from the general public on the retail tariff methodology for the electricity sector in Bermuda. The RA said, “The Regulatory Authority of Bermuda has issued a consultation to receive feedback from the general public on the retail tariff methodology [“Methodology”]... Read more of this article
RA Consultation On Accounting Instructions
The Regulatory Authority has issued a consultation on the regulatory accounting reporting instructions that will apply to electricity sector licensees. Currently, the Authority requires licensees to prepare separate accounts for each licensed business unit – which should also be separate from any unregulated business. For example, the Bermuda Electric... Read more of this article
Bermuda Regulatory Authority CEO Steps Down
The Regulatory Authority of Bermuda has announced a change of leadership, with Chief Executive Matthew Copeland stepping down from the post, effective immediately. The Authority Chair, Angela Berry, on behalf of the board, “thanked Mr. Copeland for his two years of service with the Regulatory Authority and wished him well in his future endeavours.” Ms.... Read more of this article
