Industry News

An energy blueprint now open for feedback would more than halve the island’s carbon dioxide emissions by 2030, in part with significant investment in renewable energy and a switch from power generation using heavy fuel oil to light fuel.

Many businesses are worried about the sustainability of their operations if costs continue to rise without corresponding increases in revenue, the Bermuda Chamber of Commerce has warned.

Data used to calculate electricity rates is being “reforecast” after legislation tabled in the House of Assembly slashed a customs duty on fuel for energy by 60 per cent.

The Government has channelled its stronger-than-expected financial position into a customs duty break that is expected to offset an increase in electricity bills set to come into effect “on or after” August 1.

On Tuesday it was revealed that Belco was to raise bills by about 8 per cent, resulting in a monthly increase of roughly $27 for average consumers. The increase was approved by the Regulatory Authority.

In a statement last night, David Burt, the Premier and Minister of Finance, said “a significant reduction in energy taxes“ will be introduced, which in turn will scale back an increase in electricity bills.

Electricity supplier Belco has defended its decision to ramp up prices, claiming that global inflation and infrastructure upgrades are to blame.

The Regulatory Authority has approved an increase in Belco’s allowed revenue that will result in an 8 per cent increase in consumer bills.

Belco and the Regulatory Authority have to change the way they operate in order to reduce the cost of electricity, the Government has warned.

Rate increases at Bermuda’s electricity supplier are among items credited by its Canadian parent company for divisional earnings performance during the third quarter ended September 30.

Algonquin Power & Utilities Corp, the Canadian parent company of Belco, has reported third quarter adjusted net earnings of $79.3 million, an increase of eight per cent, year-over-year.

Bermuda is core to Google’s long-term strategy of building an Atlantic communications hub, the US giant said. Once operating, Nuvem, their planned subsea cable from Myrtle Beach, South Carolina, to Portugal ..

An ongoing study of wind power for Bermuda, now in its fourth round, suggests a 60MW offshore wind farm could generate 34 per cent of Bermuda’s present electricity requirements.

A pressure group set up to ensure emissions from Belco are controlled has welcomed the mention given in the Throne Speech to clean-air law amendments being implemented during this parliamentary session.

The Supreme Court of Bermuda has sanctioned a scheme of arrangement that will see Digicel founder and chairman Denis O'Brien lose most of his stake in the telecoms group.

The Government is to make changes to the way the Regulatory Authority and electricity supplier Belco operate to “provide for greater public protections” against dramatic price hikes.

Belco’s meeting last night with area residents over fallout from the plant as well as the price hike from its Fuel Adjustment Rate requires many more talks before objectors will be appeased, according to one of the attendees.

The president of the St David’s Island Historical Society is asking communications giant Google to consider somewhere other than Annie’s Bay, St David’s for their cable landing station.

ExpressVPN, the British Virgin Islands-based consumer privacy and security company, has grown its server network to 105 countries, including Bermuda.

Google will consult the Bermuda Environmental Sustainability Taskforce when an environmental impact assessment begins on a plan to bring a Google cable to Bermuda’s shores.

The One Bermuda Alliance is calling on the Government to explain exactly how it will bring about a reduction in the price of fuel.

Business on the island have been left in a “position of wait and see” as talks continue over the rate of an electricity price rise, according to the Chamber of Commerce.

Walter Roban, the Minister of Home Affairs, has revealed that a complex process is in motion to address the electricity pricing issue.

The Bermuda Regulatory Authority is to draft in a team of experts from the US to block soot and other pollutants from pouring out of Belco’s power plant.

The Regulatory Authority has confirmed that it is to review the methods it uses to calculate the price of electricity.

The One Bermuda Alliance is calling for Parliament to reconvene for an emergency session in order to tackle the fuel-hike crisis. Jarion Richardson, the OBA leader, made the appeal to the Government last night ..

The head of a local internet service provider believes that a proposed cable and landing facility may lead to cheaper connectivity on the island.

The company — local “Class-A” carrier of international long-distance voice, internet and IPTV services — is to shed five Bermuda-based jobs in an effort to stay competitive.

A former spokesman for the Bermuda Tourism Authority has been named the new director of communications and stakeholder engagement at the Regulatory Authority of Bermuda.

A pressure group is demanding answers from Belco, the Regulatory Authority and the Government regarding the reasons behind the recent hike in energy bills.

Bermuda is set to become the key node in an Atlantic network of undersea cables that will make communications between continents more secure and more resilient, according to David Robles, global subsea construction lead, Google.

A confrontation between electricity supplier Belco and protesters angry at a recent fuel price hike was defused after the groups held informal talks. About a dozen demonstrators gathered outside Belco’s headquarters on Serpentine Road for a second day of protests yesterday

The Regulatory Authority of Bermuda’s work plan for next year, published on September 30, also said that the RA planned a “complex and significant” market review of the island’s electronic communications sector.

Shoppers have been warned to expect increases in the price of goods after the recent spike in electricity costs. The Bermuda Chamber of Commerce said that there would be a “ripple-on effect” and retailers may be forced to pass on an increase in their running costs to customers.

Demonstrators took to the streets this morning in protest at recent increases in the cost of electricity. About 50 residents gathered outside the headquarters of electricity supplier Belco on Serpentine Road in Hamilton from 7am.

A Google representative will be speaking at the Bermuda Tech Summit on Tuesday, on the topic of the tech giant’s new subsea cable landing in Bermuda.

Since announcing there would be an increase in the Fuel Adjustment Rate [FAR] “there have been several misconceptions and incorrect information circulating,” the BELCO President said ..

The head of the Regulatory Authority of Bermuda has defended a decision to approve increases in the cost of electricity.

Shares of Belco’s parent company dropped as much as 5 per cent on Monday and are trading near a decade low just months after the company said it would be unloading renewable assets in an effort to fix its business and reassure concerned shareholders.

Residents are being warned to expect a hike in electricity bills, according to Belco.

The Google undersea cable coming to Bermuda is a significant project that will bring with it many spin-offs in terms of jobs and other economic benefits, according to an adviser to the US company.

A study on the possibility of offshore wind generation in Bermuda found that a wind farm could result in 30 per cent cheaper electricity.

A spokesperson said, “BELCO today provided a response to customers enquiring about high energy bills. BELCO customers are charged for the consumption of electricity – the higher the usage of electricity the higher the bill.

Belco’s parent company, struggling with massive debts and big losses and facing an aggressive activist investor, is looking for a new leader and selling off assets.

The Government has pulled the plug on plans to purchase a second batch of energy-saving light bulbs for homes across the island.

Two town hall meetings on the island’s potential for a 60-megawatt wind farm have been scheduled by the Regulatory Authority.

A regulatory body’s decision to not fully increase Belco’s electricity rates must be re-evaluated, a lawyer argued in the Supreme Court yesterday.

Customers of telecoms company One Communications went without internet service for more than an hour early this evening.

A government initiative will help Bermudian households to save money on their electricity bills, the Minister of Home Affairs announced yesterday.

Power has been restored to more than 11,000 properties in the western parishes that were hit by an outage late Saturday night. The blackout, caused by a fault in Belco’s underground transmission network, occurred at about 10.50pm.

Bermuda had the second most expensive electricity in the world in July 2023, according to ElectricRate.com. Island residents paid 37 cents per kilowatt hour, far above the 14.2 cent global average.

The Ministry of Home Affairs has confirmed an emission control order will be imposed to abate pollution from Belco. Emission control orders can result in fines against the utility of up to $50,000 per day for noncompliance.

The environment department has informed the Minister of Home Affairs that Belco has breached the Clean Air Act 1991, and the Regulatory Authority has been instructed to take action.

Mobile phone service provider, One Communications, is increasing the rates for monthly service as of August 1.

The Bermuda mobile network operator, Paradise Mobile, has signed a memorandum of understanding to enter into a strategic partnership with high-flying UK company, Aalto Haps.

Environmental charity Greenrock said it is largely supportive of the Regulatory Authority’s proposal for a 60-megawatt wind farm presented at a town hall meeting on Wednesday evening.

A measure designed to reduce the fallout of soot from Belco’s North Power Station on to neighbouring properties was not implemented by the energy firm, The Royal Gazette has learnt.

Belco may purchase a US-certified air quality monitoring station and retroactively request approval and recovery of funds, the Regulatory Authority has made clear.

Belco is working on a proposal to use liquefied natural gas for power generation, according to minutes released by the Environmental Authority, Bermuda’s emissions regulator.

The Regulatory Authority is to provide the public with an update on research carried out on the use of an offshore wind farm in Bermuda.

Residents living in the shadow of Belco have started a petition questioning why water tanks at properties next to the power plant were not tested for contaminants last year.

Andre Labonte has always been a problem solver. So, when the president of Evolution Motors was continually asked by prospective buyers of the dealership’s electric vehicles where they were going to charge the cars, he decided to address the issue in-house.

Digicel+ customers will see a jump in their bill starting on July 1, the telecommunications provider announced yesterday.

A sale of Horizon Communications “as a going concern has not been achieved,” they will continue providing internet until June 26th “at which time the Horizon network will be decommissioned" ...

The ratings of telecom provider Digicel have been lowered by a major rating agency.

Staff made redundant at Horizon Communications recently have been told it is highly unlikely they will receive any severance pay or other monies owed, The Royal Gazette has learnt.

“Bermuda has taken a significant step towards sustainable energy development with the introduction of the Electricity Amendment Act 2022 [Consequential Amendments] Regulations 2023."

Paradise Mobile is close to finishing its 5G network build-out, it has told observers at an international 5G conference in Austin, Texas.

A question mark hangs over whether staff being let go at Horizon Communications will receive their redundancy and severance payments.

Bermudians pay more for internet than almost anyone else on the planet, a recently published UK study of 219 countries has found.

The news that Digicel intends to raise their Bermuda internet rates was a cause of concern among some subscribers.

Walter Roban hailed Bermuda’s progress on environmentally friendly policies at an international renewable energy conference in Miami.

Energy-saving LED light bulbs, which could save Bermuda consumers as much as $22 million over four years, will first be distributed to seniors and low-income households, the Ministry of Home Affairs announced.

Digicel internet subscribers have been given a month’s notice of an impending price hike for the service, in a message from the company.

Kim Wilson, the Minister of Health, said she passed over an inquiry into Belco pollution to Walter Roban because she only has powers to impose a one-off penalty of $2,500, but the home affairs minister can demand fines of $50,000 a day if an environmental problem is not fixed.

The Regulatory Authority is inviting the public to provide input to a report assessing what customers should be liable to pay for on their Belco electricity bill.

The Department of Energy warned in 2018 that the planning application for Belco’s North Power Station may be “premature”, given the country had not yet had its say on Bermuda’s future electricity generation.

While many people want to support renewable energy in Bermuda, the cost of installing solar panels can be prohibitive.

Drinks giant Bacardi is unveiling a “greener makeover” at its global headquarters in Bermuda in time for Saturday’s Earth Day to further cut its carbon footprint and to create a working environment that promotes greater wellbeing for its employees.

Private sector financing will play a critical role in the development of cleaner renewable energy in small-island nations, the Minister of Home Affairs has said.

Kim Wilson, the Minister of Health, has passed the investigation into Belco pollution on to the environment department.

One Communications has expanded its product range of Apple products in its newly designed Church Street retail store, the company said in a statement.

The Government is looking for a company to supply additional LED light bulbs as part of continued stimulus efforts, according to a recently published request for quotation.

The manufacturer of Belco’s dual fuel engines has said it is not surprised that Bermuda is facing challenges with ongoing emissions, given its equipment is being run on heavy fuel oil.

Energy professionals from 12 Caribbean countries recently met to learn about Bermuda’s clean energy progress. A Government spokesperson said, “Recently [30 March], Acting Premier and Minister of Home Affairs Walter Roban gave closing remarks highlighting Bermuda’s clean energy progress and ...

High levels of aluminium, iron and manganese have been found in water tanks in Pembroke after testing carried out in accordance with Belco’s operating licence requirements.

A government MP has suggested extensive media coverage of emissions from Belco that have plagued the lives of residents since the commissioning of the North Power Station in 2020 is spurred by a Black man being the plant’s president.

A site has been selected for a firm to set up a wave energy farm off the island if it gets approval for the project, the Department of Environment and Natural Resources has revealed.

Belco president Wayne Caines has moved to allay concerns from the power plant’s neighbours about emissions.

An environmental unit consulted its British counterpart about tackling sources of pollution after levels of sulphur dioxide recorded in an area close to Belco exceeded UK targets.

A “technical and complicated” Bill to update air quality legislation must undergo an in-depth review to meet public needs, a government spokesman said.

Belco could face hefty fines of up to $50,000 a day if its emissions are ruled a nuisance and not abated, the Minister of Health said yesterday.

One in seven homes tested for the impact of Belco pollution was found to have water taste and clarity levels that breach international standards, it has emerged.

Vicki Steele has been appointed as the new chief operating officer of One Communications.

High-voltage power lines, enclosed spaces and work at height are real dangers involved in solar panel installation.

An expert review said in 2021 that the "most effective“ way to mitigate Belco’s soot emissions is for the plant to burn a lower-polluting fuel.

The health minister has the legal power to stop soot emissions from Belco by declaring them a “statutory nuisance”, The Royal Gazette has learnt.

Digicel, the international telecommunications company with a significant presence in Bermuda, is in talks with creditors concerning $925 million in bonds coming due tomorrow that the company is unable to repay.

One Communications announced the launch of its new Business Bundles, called “Business in a Box,” which they said “offers everything a business needs to get started or grow their existing business ..

Pembroke residents are enduring an “abomination” from a rain of soot from the Belco power plant, the home affairs minister stated, calling it “unacceptable” and “intolerable”.