07/08/2026
In July 2026, the Regulatory Authority announced a restructured electricity rate to better reflect how Bermuda's electricity system operates today.
More households and businesses are generating some of their own electricity through rooftop solar and other distributed energy systems. While these customers often purchase less electricity from BELCO, they still rely on the electricity grid when their systems are not producing enough power, such as at night or during cloudy weather.
At the same time, the cost of maintaining the grid—including poles, wires, substations, and other essential infrastructure—continues to increase.
The updated rate structure is designed to:
⚡ Better align fixed charges with the cost of maintaining the electricity network, helping ensure customers contribute more fairly based on their use of the grid.
☀️ Introduce tariff classes that better reflect how customers with distributed generation continue to rely on the grid for backup power and system support.
📝 Make electricity bills easier to understand by separating the cost of generating electricity from the cost of transmitting and distributing it across Bermuda's electricity network.
Learn more about the Retail Tariff Design Restructuring on the RA's website: https://www.ra.bm/articles/retail-tariff-design-restructuring