The Ministry of Home Affairs welcomed BELCO’s announcement that base electricity rates will be reduced for all meters read on or after January 1, 2026.
This means households can look forward to monthly savings ranging from roughly $5.74 to almost $70 on their electricity bills.
The Minister of Home Affairs, the Hon. Alexa Lightbourne, JP, MP, said, “Families are under real pressure from cost of living increases. Any reduction in cost of an essential service like electricity is significant, and the Regulatory Authority’s decision will provide meaningful relief for households across the island.”
The rate cut complements the Government’s wider affordability drive, including the Affordable Bermuda Basket, a targeted programme delivering discounts on a core list of staple groceries and household essentials through participating retailers. This, coupled with lower electricity bills, helps to ease the pressure where it matters most.
Minister Lightbourne continued, “The Affordable Bermuda Agenda is about aligning Government policy, regulators and industry partners around one clear goal, lowering the everyday cost burdens for Bermudians. We will continue to work with all our community partners to ensure critical services remain fair, transparent and affordable.”
The Government encourages residents to review BELCO’s new tariff schedule and to also take advantage of the Affordable Bermuda Basket.
Visit www.costofliving.gov.bm for more information on the Basket and the Affordability initiatives under the Affordable Bermuda Agenda.