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A US-based company has joined forces with Bermuda partners in a bid to buy a majority share in power firm Belco. But Belco owners Ascendant Group said that the company is not for sale — and it has no interest in selling. Several sources told The Roy...

The Regulatory Authority is to get two new members as it takes over supervision of the power industry. Grant Gibbons, Minister for Economic Development, said the number sitting on the Commission, which already regulates telecommunications, would rise...

Community groups have taken a cautious approach to Belco rate changes, saying they will look closely at how the move will affect the less fortunate. Starting next month, residential customers will pay 8.7 per cent more on their first 250 kilowatt hou...

Electricity outages this morning were triggered by a fault in Belco’s power station that caused two engines to shut down, a spokeswoman said. The fault set off a load shed that affected customers from Prospect eastward, hitting 15 circuits. It took 2...

The price of oil may have fallen worldwide, but for local consumers the cost of electricity will soon rise as a knock-on effect of the latest Budget. While motorists will pay a higher fee at the pumps, Belco’s customers will also pay for more for Cus...

Electricity in Bermuda may become greener and cheaper in the coming 12 months as part of a regulatory Government overhaul. In Friday’s Throne Speech, the Governor, George Fergusson, outlined plans to introduce the Electricity Act, which is aimed at ...

Belco has announced that as of last night all mainline circuits had been restored and all schools have supply. As of 9am this morning 2,300 remained without power although it had been stated last night there were only 2,089 without power. A Belco s...

Members of the public have been invited to take part in an open conversation about the draft Electricity Bill 2015. The event will provide information about the changes the new legislation will bring to the electricity sector. Hosted by the Depart...

Minister of Economic Development, Grant Gibbons, yesterday led a take note debate on the National Electricity Sector Policy of Bermuda in the House of Assembly. Dr Gibbons said the policy “represents a significant milestone in the evolution of Bermu...

Grant Gibbons, the Minister for Economic Development, gave a ministerial statement on the new National Electricity Sector Policy that he presented to the House of Assembly this morning. Calling it a “key step” in changing how Bermuda sources and use...

Despite a new fuel charge introduced in the latest Budget, electricity rates will not rise, according to Economic Development Minister Grant Gibbons. Dr Gibbons cited the recent drop in oil price, which reduced the electricity cost to Belco customers...