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RA s Electricity Fees Will Temporarily Increase

The RA’s “electricity fees will temporarily increase for the first time since 2016,” the Regulatory Authority said today. A spokesperson said, “To ensure the delivery of Bermuda’s first Integrated Resource Plan [IRP], which is intended to deliver 85% renewable energy by 2036, the RA’s electricity fees will temporarily increase for the first time since 2016. “The Regulatory Authority fees which changed from 0.00475 to 0.00635 effective April 1, 2021, will directly be used to implement new electricity tariffs and fund a series of wind studies.” Denton Williams, CE for the RA commented: “A lack of funding in the previous fiscal year hampered the development of the IRP’s wind-farm project.

RA temporarily increases its electricity fee

RA temporarily increases its electricity fee
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