The Regulatory Authority is now in position to grant new bulk generation licences intended to reduce strain on the power grid.

Alexa Lightbourne, the Minister of Home Affairs, told the House of Assembly the new Bulk Generation Sole Use Installation licences were intended for projects that would generate more than 500 kilowatts, but limit how much energy can be sold into the power grid.

“The intent of this licence was to address critical energy challenges faced by important public institutions such as the National Sports Centre, which offers accessible services to the public but faces high operational costs, including overhead electricity expenses,” she said.

“Similar challenges are faced by other government facilities and statutory bodies that provide affordable public services.

“These institutions must be empowered to reduce their energy expenses to maintain operations that directly benefit the people of Bermuda.”

Under legislation passed last year, BGSUI licence holders will not be allowed to sell more than 30 per cent of energy generated into the grid.

“This condition ensures that the licence is used primarily for self-supply and not as a back door mechanism for commercial resale,” Ms Lightbourne added.

She said that the Government was committed to promoting clean, renewable and affordable energy while protecting the interests of ratepayers.

“The implementation of the BGSUI licence strikes this balance, offering a path forward for large institutions in need of energy cost relief while maintaining regulatory discipline to protect the public good,” Ms Lightbourne said.

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Update on the BGSUI Licence.pdf