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Energy bills will come down from New Year’s Day for the average user, Belco has said. The electricity supplier announced that from January 1 charging structures will change, resulting in the regular household customer seeing a $6 reduction a month in...

The Bermuda captive of one of the world’s largest companies has continued strong operating results over the past five years, driven partly by robust underwriting profits and the absence of large losses. Some evidence of this for the single-parent cap...

The Regulatory Authority has requested that Belco submit a proposal for an updated Integrated Resource Plan that will decide the future of the island’s electricity generation. The utility company has been given a year to submit its proposal and the R...

A company related to Bermuda energy mutual, Everen, has maintained its strong credit ratings with AM Best. The agency has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of excess ge...

An offshore wind farm could generate savings of almost $17.9m per year, according to a study

Handing oversight of the fuel sector over to the Regulatory Authority will help to prepare Bermuda for an environmentally challenging future, the Junior Minister for Home Affairs said yesterday. Lindsay Simmons told the Senate that the Act would prov...

A half-century-old Bermuda insurer, set up in the 1970s to finance the risks of the world’s oil companies, today faces criticism from climate activists for its backing of the most controversial new oilfields in the North Sea. But the company has told...

Scooter Mart is partnering with the Bermuda Hotel Association to offer electric bike sharing to visitors. Using a new mobile app called Pink, users can rent electric bicycles by scanning a QR code located on the bikes, which will be located around th...

Belco’s customer call centre and payments service will not be open on Monday, September 19 due to the public holiday marking the funeral of Queen Elizabeth II, the power company has said. Meters originally scheduled to be read and billed on Monday wi...

The Government has been accused of political interference after the appointment of a former PLP MP to the board of the independent Regulatory Authority. Michael Scott, a former Progressive Labour Party attorney-general and senator who retired from f...

The rebranding is complete of an iconic Bermuda insurance mutual that has protected the interests of “Big Oil” for half a century and eventually became the mutual insurer for the broader energy industry. Following the rebranding announcement, the new...

Work is set to start this month on a solar project at the National Sports Centre, it was announced today. It is the last part of a three-phase project and is expected to make a 20 per cent saving on the centre’s utility costs. A spokesman for the NS...