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The Regulatory Authority is inviting comment on proposed methodologies under consideration for calculating the feed-in tariff. The FIT is the predetermined rate at which renewable energy is purchased by Belco from residential or commercial distribute...

Legislation giving the Regulatory Authority oversight for the fuel sector – including pricing – was today tabled in the House of Assembly. Walter Roban, the Minister of Home Affairs, said the move marked a “watershed moment in the regulation of fuel ...

A Bermuda Bar Council standing sub-committee is collaborating with the Office of the Privacy Commissioner to promote co-operation on educational privacy initiatives, policy and guidance to benefit the Bermuda Bar. The new alliance is facilitated by a...

The island’s electricity supplier was forced into a climbdown in its war of words with the Regulatory Authority in the face of legal action over “misleading claims”. A statement from Belco was issued “at the request of” the regulator to clarify publi...

The chief executive of the Regulatory Authority has tendered his resignation to “move to the next phase of his career”. News that Denton Williams will be departing from the role comes as the telecommunications and electricity watchdog considers taki...

The Regulatory Authority is considering taking legal action against electricity supplier Belco over an ongoing dispute concerning soot emissions. And last night a pressure group representing area residents affected by the fallout said it hoped the in...

The Regulatory Authority accused Belco yesterday of deliberately misleading the public about emissions from its North Power Station. The RA, in a public statement, said that senior representatives at Belco had “made concerted efforts to misinform the...

Bermuda’s long-term re/insurance market has grown considerably in recent years. The island now has 144 registered long-term re/insurers and the sector’s assets have increased by 200 per cent over the past five years, according to the Bermuda Monetary...

Approval has been given to change control at the Finger solar farm beside the airport. The Regulatory Authority said that its consent to the transfer will mean that FB Solar LLC — owned by the Bermuda Infrastructure Fund — will become the “indirect p...

Regulatory veteran Ricardo Garcia has been appointed managing director of the Bermuda Monetary Authority. Mr Garcia, who joined the BMA in 2013, will be responsible for the organisation’s supervision of insurance, banking, trust, corporate services, ...

The Bermuda Monetary Authority is seeking special reporting from the island’s insurance groups on underwriting and balance sheet exposures to the Russia-Ukraine war for the period to the end of March. Respondents are asked to complete reporting forms...

A Bermuda Monetary Authority analysis has reported that the impact of cyber-risk across all industries has been heightened by globalisation, digitisation and the pandemic. The BMA said cyber is still a small three per cent of overall Bermuda gross wr...