Information for Sectoral Providers

Industry News

News about our regulated sectors in Bermuda. Click on each title to open the full article in a new tab.

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.

Business fear over sustainability if costs keep rising

Published
July 24, 2024
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.

Belco forced to recalculate energy costs after tax cuts

Published
July 23, 2024
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.

House fast-tracks energy tax break, but at a cost

Published
July 20, 2024
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.

Regulated Sectors

The Regulatory Authority of Bermuda (the RA) regulates Bermuda’s Electronic Communications, Electricity and Submarine Cables sectors.

As an independent regulatory body, we promote fair business practices, protect consumer and industry stakeholders, and encourage innovation and integrity in these markets.

We also:

  • Promote sustainable competition in the telecommunications sector, covering services such as fixed and mobile telephone, long distance, internet access and subscription television and
  • Regulate electricity licencees to ensure compliance with the provisions of the Electricity Act 2016.

How we regulate

Regulatory authorities around the world use specific procedures to create and implement regulations. The procedures available to the RA include:

  • General Determinations
  • Orders
  • Directions
  • Decisions
  • Advisory Guidelines
  • Investigations
  • Enforcements

Decision-Making

The RA’s Team of subject matter specialists conducts technological, economic and market analysis to provide the Board of Commissioners with robust, independent information, for consideration in their decisions and rulings.

For more information about each sector, access our pages on Electricity, Electronic Communications and Submarine Communications Cables.