RA temporarily increases its electricity fee – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password
BERMUDA | RSS PODCAST

RA temporarily increases its electricity fee

Regulatory Authority RA New Logo 2019

A Regulatory Authority of Bermuda fee that is added to Belco electricity bills has been increased temporarily.

The charge has risen from 0.475 of a cent per kilowatt hour, to 0.635 of a cent per kWh. The Royal Gazette asked how long the temporary increase would last, and was told: “The temporary fee increase is to cover the first phase of the procurement of the wind farm, which is expected to be completed within two years’ time, and for the introduction of new types of electricity.”

In a statement, the RA said the increase was to ensure the delivery of Bermuda’s first Integrated Resource Plan, “which is intended to deliver 85 per cent renewable energy by 2036”.

It is the first increase in the Regulatory Authority fee since 2016, and was effective from April 1. It will be directly used to implement new electricity tariffs and fund a series of wind studies, the RA said.

Denton Williams, chief executive for the RA, said: “A lack of funding in the previous fiscal year hampered the development of the IRP’s wind-farm project.

“The first phase for the procurement of the wind-farm is expected to be completed within two years’ time and includes a series of desktop and meteorological studies. The wind-farm and other renewable energy projects will help to stabilise the cost of electricity, provide opportunities for jobs and training to support Bermuda’s economy, and deliver safe and reliable energy for our children and subsequent generations.”

You must be Registered or to post comment or to vote.

Published April 14, 2021 at 2:06 pm (Updated April 14, 2021 at 8:22 pm)

RA temporarily increases its electricity fee

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon