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Additional context on retail fuel pricing, including how prices are determined and the sequence of events that informed the Board’s recent decision.

Bermuda’s electricity prices are set using several methodologies that enable BELCO to operate efficiently and deliver energy to customers. Two important components of this pricing system are the Fuel Adjustment Rate (FAR) and the Feed-in Tariff (FIT).

As tourism continues to thrive in Bermuda, many visitors want to stay connected to navigate the Island, keep in touch with loved ones, or even work remotely. Fortunately, Bermuda boasts a modern and reliable telecommunications infrastructure supported by several service providers offering high-speed Wi-Fi, cable TV, and mobile services.

Residents have been invited to provide feedback on the Government’s plans for the powering of electric vehicles on the island. It forms part of a consultation phase for EV charging, and follows the drafting of vehicle charging infrastructure policy goals and objectives.
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