Search results for : fuel
Mitchell defends Sears over BPL fuel hedging
December 13, 2022
Mitchell defends Sears over BPL fuel hedging
FOREIGN Affairs Minister Fred Mitchell yesterday defended Works and Utilities Minister Alfred Sears over the controversy surrounding the latter's conflicting statements over the Bahamas Power and Light fuel hedging issue.
BPL looking to increase its hedged fuels to 71%
December 12, 2022
BPL looking to increase its hedged fuels to 71%
Bahamas Power and Light (BPL) is hoping to carry out another hedge that will take the quantity of the company's hedged fuel to around 71 percent, the company's Chief Executive Officer Shevonn Cambridge said on Friday. Cambridge, who made the remarks while addressing the Bahamas Hotel and Tourism Association's annual general meeting, explained that 54 percent ...
The post BPL looking to increa...
December 09, 2022
CEO: NP solar plant will cut BPL's fuel bill by $30 million
Once complete, a new 60-megawatt solar plant planned for New Providence will cut Bahamas Power and Light's (BPL) fuel bill by as much as $30 million, BPL Chief Executive Officer Shevonn Cambridge said yesterday. Cambridge said a location for the plant has not been nailed down as yet, but BPL is currently surveying possible locations. "When ...
The post CEO: NP solar plant will cut BPL's fuel ...
November 22, 2022
PM denies statement Sears made in House on BPL fuel hedge issue
Prime Minister and Minister of Finance Philip Davis yesterday maintained that he had no knowledge that the Bahamas Power and Light (BPL) fuel hedge committee had made requests last fall for fuel hedge trades to be executed to lock in oil prices, although Minister of Works Alfred Sears told Parliament last Wednesday that it was ...
The post PM denies statement Sears made in House on BPL fuel hedge ...
November 16, 2022
BPL bills reflecting new fuel charge increases issued
The first Bahamas Power and Light (BPL) bills reflecting new fuel charge increases have been issued, but BPL Chief Executive Officer Shevonn Cambridge said it is still too early to determine if the glide path recovery strategy implemented by the power company has been effective. Last month, BPL announced a fuel charge increase to 12.5 ...
The post BPL bills reflecting new fuel charge increases iss...
HOTELS: HELP US TO DEAL WITH BPL HIKE - Meeting to discuss ways to mitigate rise in fuel costs
October 25, 2022
HOTELS: HELP US TO DEAL WITH BPL HIKE - Meeting to discuss ways to mitigate rise in fuel costs
HOTELIERS plan to meet with executives of Bahamas Power and Light next week to discuss ways to mitigate the effects of the increased fuel surcharge for hotels and large property owners.
October 19, 2022
Residents react to rise in Grand Bahama Power fuel rate
THE announcement of a rate hike by the Grand Bahama Power Company was received with mixed reactions by some residents on the island.
How will the BPL fuel charge hike impact you?
October 19, 2022
How will the BPL fuel charge hike impact you?
The effect on consumers who use LESS than 800 kWh per month 1. Between October 1, 2022 and November 30, 2023, the fuel pass through rate will increase from 10.5 cents per kWh to 18.5 cents per kWh. This represents an overall increase in the fuel charge of 76 percent over a 13-month period. 2. ...
The post How will the BPL fuel charge hike impact you? appeared first on The Nassau Guardian.
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Moxey 'not happy' at Grand Bahama Power fuel hike
October 18, 2022
Moxey 'not happy' at Grand Bahama Power fuel hike
GRAND Bahama Minister Ginger Moxey said she does not support the fuel cost hike to Grand Bahama Power Company's customers, effective November 1.
Moxey: I do not support GBPC raising fuel cost
October 18, 2022
Moxey: I do not support GBPC raising fuel cost
Minister for Grand Bahama Ginger Moxey said yesterday she does not support the decision by Grand Bahama Power Company (GBPC) to increase its fuel cost to consumers from 10 cents per kilowatt hour (kWh) to 11.5 cents per kWh effective November 1. "No. I do not support it," Moxey told reporters who asked about the ...
The post Moxey: I do not support GBPC raising fuel cost appeared first on The...
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