Beginning in January 2020, 95% of Bermudian families will see a reduction in their energy bills.
"This holiday season, we are committed to focusing on the sure and steady progress we're making for Bermudian policies," said Acting Leader Walter Roban. "Over the last few years, we've been working to bring down electricity prices and I'm happy that as of January 2020, those reductions will be realized. We expect reductions of at least 5% on energy over 20202 and we expect the vast majority of Bermudians to receive reductions.
Roban continued, "Across the region, electricity rates are going up, but, we are fortunate to be able to see them come down here in Bermuda. Bermudian families will see decreases in their bills. The reduction will reflect on your January 2020 BELCO bill."
"In the new year, we will continue to focus on reducing the cost of living for Bermudians," Roban concluded.