by Mischa Fubler, JP, MP Constituency 30 Southampton East Central / Senator

High utility costs are a significant concern for all of us. They affect our quality of life, the cost of doing business, and our ability to spend our hard-earned money on our families and priorities. 🏠💰

🔧 PLP’s Plan to Enhance Energy Resiliency:

• ⚖️ Amending the Electricity Act: We will amend section 35 to remove or limit categories of recoverable expenses that allow BELCO to pass certain costs onto consumers, prioritizing affordability for Bermudians.
• 📊 Empowering the Regulatory Authority: Further empowering the authority to implement fairer pricing on retail electricity tariffs.
• 🌞 Community Solar Programs: Developing community solar initiatives to expand access to renewable energy alternatives, driving technology progression and economies of scale for efficient, cost-effective solar generation systems.
• 🔄 Legislative Reviews: Reviewing and amending current legislation and regulations to allow more diverse and independent energy generation without risking electrical grid stability.
• 🔍 Reviewing Tariff Methodologies: Adjusting the Retail Tariff and Feed-In-Tariff methodologies to protect consumers from extreme variations in international oil pricing, ensuring fairer consumption and generation rates for all Bermudians.

At the end of the day, we understand that utility bills are painful. We will help ease this burden while moving towards a greener Bermuda by promoting the use of solar, and potentially wind and sea, to generate the electricity we need. 🌊🌬️

We must own our electricity in the long run so that the price of our electricity in Bermuda is not dictated by the global price of oil and gas. By taking these steps, we are dedicated to easing the financial burden and environmental impact on Bermudian families. 🌿

Thank you. 🙏