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Belco says it will decommission half of its ageing generators within the next three years — and it urgently needs permission to invest the necessary capital to replace them. Sean Durfy, chief executive officer of the power utility’s parent company As...

Belco’s operating earnings surged 36 per cent last year as the power utility benefited from in increase in tariff rates for electricity from June last year. The company earned $24.3 million, according to figures released today by its parent company A...

Public consultations were today launched over the future of electricity supply on the island. The Regulatory Authority said the public consultations were a “an important and key opportunity” for business and individuals to provide their views on the ...

Denton Williams, senior vice president of Ascendant Group and chief operation officer of Belco, has been appointed chairman of the Safety and Health Advisory Council. Meanwhile, Belco is launching its first safety survey in tandem with the World Day ...

Electricity users will pay a bit extra to fund regulation of the industry under new legislation passed by MPs. The fiscal year that starts on April 1 will the first in which the electricity sector is regulated by the Regulatory Authority, whose remit...

The Ascendant Group has announced that ten jobs are to go across the company. The bulk of the job cuts will come from management and supervisory at Belco, air conditioning firm Air Care and at Ascendant. Sean Durfy, president and CEO of Ascendant Gro...

More than 100 retired Belco workers have won a legal action against their former employer over an attempt to change their health insurance. While the company sought to move retired staff from its Lighthouse Plan to alternate schemes in early 2015, Pu...

Belco meter readers will be in action on Saturdays for the foreseeable future, the company announced. According to a press release, the move will mean customer billing cycles do not extend pass the normal 30-day meter reading cycle. Meter readers wil...

Belco customers will see lower overall electricity rates from January 1. A surcharge that was implemented in June this year will be removed after Saturday. As a result, tariffs applied to energy charges for residential users, small commercial users a...

Belco has announced that it will be undertaking a survey of customers to take place this month. According to a statement, the survey will be conducted by Total Research Associates and include both telephone and online surveys. The survey is expected ...

A visiting university group from Britain has thanked Belco for supporting their biomedical science workshops in Bermudian middle and senior schools. Dr Carika Weldon, who hails from Bermuda, and her students from De Montfort University in Leicester h...

A new lower rate for energy bought from solar power users will take effect from the start of next year. The new feed-in tariff of 17.36 cents per kilowatt hour — about half the previous rate — will start next January. But Grant Gibbons, Minister for ...