Rates & Service Rules
BELCO’s rates and service rules are set by the Regulatory Authority of Bermuda, an independent regulatory body that has been responsible for setting electricity rates since 2016.
Rate comparison of existing & new tariffs effective January 1, 2023
Comparisons at a glance.
| DIFFERENCE | |||||
|---|---|---|---|---|---|
| RESIDENTIAL | PREVIOUS ($) | CURRENT ($) | $ | % | |
| Energy Charges | 0-250 kWh | 0.1333 | 0.1370 | 0.00372 | 2.8% |
| 251-700 kWh | 0.2259 | 0.2436 | 0.01770 | 7.8% | |
| 700+ kWh | 0.3337 | 0.3803 | 0.04663 | 14.0% | |
| Facilities Charge | 0-10 kWh per day | 21.33 | 22.67 | 1.34 | 6.3% |
| 10-15 kWh per day | 32.00 | 34.01 | 2.01 | 6.3% | |
| 15-25 kWh per day | 42.61 | 45.29 | 2.68 | 6.3% | |
| 25-50 kWh per day | 66.66 | 70.85 | 4.19 | 6.3% | |
| 50+ kWh per day | 101.33 | 107.70 | 6.37 | 6.3% | |
| DIFFERENCE | |||||
|---|---|---|---|---|---|
| SMALL COMMERCIAL | PREVIOUS ($) | CURRENT ($) | $ | % | |
| Energy Charges | 0-1000 kWh | 0.2382 | 0.2497 | 0.0115 | 4.8% |
| 1001-5000 kWh | 0.2749 | 0.2904 | 0.0155 | 5.6% | |
| 5001+ kWh | 0.3319 | 0.3511 | 0.0192 | 5.8% | |
| Facilities Charge | 45.32 | 47.47 | 2.15 | 4.7% | |
| DIFFERENCE | |||||
|---|---|---|---|---|---|
| DEMAND SERVICE | PREVIOUS ($) | CURRENT ($) | $ | % | |
| Energy Charges | 1st 200 kWh x Demand | 0.2792 | 0.2929 | 0.01369 | 4.9% |
| 2nd 200 kWh x Demand | 0.1410 | 0.1477 | 0.00671 | 4.8% | |
| Remaining kWh | 0.0538 | 0.0557 | 0.00184 | 3.4% | |
| Demand Charges |
Class A – 1st 50 kW Remaining kW |
13.13 13.13 |
13.81 13.81 |
0.68 0.68 |
5.2% 5.2% |
|
Class B – 1st 50 kW Remaining kW |
13.43 13.43 |
14.13 14.13 |
0.69 0.69 |
5.2% 5.2% |
|
|
Class C – 1st 50 kW Remaining kW |
13.54 13.54 |
14.24 14.24 |
0.70 0.70 |
5.2% 5.2% |
|
| Facilities Charge | 111.99 | 120.12 | 8.13 | 7.3% | |