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FortisTCI announces bid to hike electricity bills, cites record $42m response to hurricanes as destabilizing

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#Providenciales, Turks and Caicos Islands – Wednesday July 11, 2018 – Lingering adversity caused by the catastrophic 2017 Atlantic Hurricane Season will likely result in an increase in electricity bills for Turks and Caicos consumers; FortisTCI CEO and President today announced that an application requesting the rise has been filed with Government.

Approval will result in an immediate change in power bills.

“Today FortisTCI filed a rate variation application under Section 34 of the Electricity Ordinance.  The application proposes an average rate of 6.8 percent increase.  Residential customers with an average monthly consumption of 500 k/w hours would see an increase of approximately $8 per month on their electricity bills,” said Eddinton Powell, FortisTCI CEO.  

Ten months following the double whammy of Hurricanes Irma and Maria – two of the costliest and deadliest storms of 2017 – the Turks and Caicos is still reeling from the effects of the major hurricanes and it may mean a 6.8% hike in power bills.  The request has to first be approved.

“The application seeks to restore the company’s financial position which was weakened by the cost of restoration of electricity following Hurricanes Irma and Maria.  The total impact directly attributable to the hurricanes is $42 million.”

Record response to the nationwide loss of electricity in Category 5 hurricane Irma alone was expensive explained Powell when media quizzed him about the need for the hike and how long the increase would be imposed upon consumers.  Mr. Powell assured, FortisTCI was not trying to recapture earnings lost during the recovery period.

“…It’s not just to recover per say the cost of electricity which we expect to recover over a long period of time, we don’t want to increase the rate to a certain extent where we percent to our customers a rate shock that would be too expensive, we want to gradually increase… to restore the company to a sound financial position.”

Eddinton Powell, CEO & President, FortisTCI

Mr. Powell said the company has made a case for the increase request, permitted by law and expects incremental recuperation.  Mr. Powell corrected public assumption that FortisInc paid for the restoration; explaining that FortisTCI covered the cost in full.

“We had to pay and we had to borrow the money, finance that restoration and the restoration is paid for – past tense – paid for in full.  Now, what we are trying to do with this application is to restore the company to strong financial health,” explained Mr. Powell in that media debriefing today.  The CEO agreed that the hurricanes weakened the company’s financial soundness, “…the cost of the restoration, the loss revenues, the write off of assets all of those things contributed to the weakening of the company’s financial position.”

The CEO, flanked by company executives at FortisTCI Leeward Highway headquarters added that there is going to be opportunity for residents to learn more and vocalise their thoughts about the application for the increase.  Mr. Powell shared that initiatives of FortisTCI will eventually result in lower power bills.

“Through more solar penetration in the system, through the possibility, the very good possibility of liquefied natural gas (LNG), that is the increase of fuel mix on the system away from diesel more towards LNG, more towards solar energy.  I am convinced that all of those things if managed properly and executed properly by the Government and the company can result in the future in lower energy costs to the Turks and Caicos which we have an interest in doing.”

The goal of FortisTCI, shared the CEO, is to return to a stable financial position.  Mr. Powell characterized their request as both ‘reasonable and warranted’.

Once approved, the electricity rate increase  will take immediate effect.

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Energy & Utilities Commissioner says new legislation will help to stabilize energy costs in Turks & Caicos Islands

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Providenciales, Turks and Caicos Islands – Thursday, 30th November 2023: The Energy and Utilities Department (EUD) of the Turks and Caicos Islands, today reminds the public that the comprehensive Renewable Energy Legislation is currently before the House of Assembly and that the Legislation not only addresses the existing challenges posed by fuel price volatility but also lays the foundation for a sustainable and resilient energy future for the TCI.

In a recent press release, FortisTCI cited global factors such as production cuts and increased demand for fuel, leading to a surge in market prices. The EUD acknowledging these challenges thanks our power supplier for its proactivity when it comes to informing consumers of any changes in the cost of electricity.  Further, the Government of Turks and Caicos wants residents and guests to know that it is committed to taking proactive measures that will transform the energy landscape through robust Renewable Energy Legislation. 

In that vein, Delano Arthur, the new Energy and Utilities Commissioner looks forward to working with FortisTCI in the upcoming days to find innovative and collaborative solutions to reduce the cost of Fuel and Energy in the Turks and Caicos Islands.  This initiative aims to not only mitigate the impact of volatile fuel prices but also secures a sustainable, reliable and affordable energy future for all of us.

 Key components of the Renewable Energy Legislation include:

  • Integrated Resource Plans: A formal planning process to prioritise renewable energy in addressing evolving energy needs.
  • Competitive Tendering Process: Government-run initiatives to promote healthy renewable energy competition, achieve low-cost energy, and meet Paris Agreement goals.
  • Administrative and Regulatory Measures: Establishing clear processes and responsibilities for all players who are in the renewable energy market.
  • Licensing and Safety Standards: Comprehensive licensing provisions to ensure accountability and safety standards for renewable energy systems.
  • Net Billing Program: Allowing building owners to self-generate and sell surplus electricity back to the grid.

The Renewable Energy Legislation serves as a mitigation against volatile fuel prices. By transitioning to cleaner energy sources and fostering a diverse renewable energy infrastructure, these Islands aim to reduce dependency on fossil fuels. The competitive tendering process introduced in the legislation ensures the selection of the most cost-effective renewable energy solutions, contributing to energy affordability and stability.

As the Islands invest in renewable energy, the increased share of clean, locally produced electricity provides a stable alternative to fluctuating fuel prices. The Net Billing Programme further incentivises distributed energy generation, offering a predictable path for building owners to contribute to the grid and receive compensation, thus reducing reliance on traditional fuel sources.

 

For further information, please contact:

Delano R. Arthur

Commissioner

Energy and Utilities Department

Turks and Caicos Islands Government

eud@gov.tc

649-338-3514

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CARICOM Sec Gen speaks on Gender Based Violence

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Rashaed Esson

 

Staff Writer 

 

“Everyone must continue to invest in preventing violence against our women and girls (VAWG). It is an investment in our shared future,” were the words of Dr. Carla N. Barnett, CARICOM Secretary-General, as she reiterated the need for solutions against VAWG.

 

She called attention to VAWG as she gave a speech surrounding the annual campaign “16 Days of Activism Against Gender-Based Violence,” which runs from November 25 to December 10, 2023.

 

Barnett expresses the well-known fact that VAWG is one of the most prevalent issues affecting all corners of society.

 

“VAWG remains one of the most pervasive forms of human rights violations in the world and cuts across all races, cultures, genders, and educational backgrounds,” she maintained, as she continued to point out the sad reality that this is still a major issue despite regional and global policies.

 

“Despite the existence of regional and global policies and legislation to combat VAWG, weak enforcement and discriminatory practices remain significant barriers to ending VAWG.”

 

The Secretary-General highlighted statistics for VAWG, bringing attention to how serious and embedded this issue is in society.

 

She said that globally, 736 million women—nearly one in three—have experienced violence—physical and/or sexual intimate partner violence, non-partner sexual violence, or even both.

 

For the Caribbean region, she said surveys conducted between 2016 and 2019 inform us that one in two women experience intimate partner violence, which is higher than the global average. 

 

In continuation, Barnett expressed that the campaign calls everyone to action against VAWG, including “development partners, civil society organizations, women’s organizations, youth, the private sector, and the media.”  Also, world governments are being asked to share how they are investing in gender-based violence prevention.

 

Ending her address, the Secretary-General urged everyone to wear the color orange for the duration of the campaign, as well as on the 25th of each month, “as a symbol of hope for a brighter future where women and girls live free from violence.”

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Sea Patrol Vessels Approved by Cabinet, October 11 Meeting

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#TurksandCaicos, November 25, 2023 – Her Excellency the Governor, Dileeni Daniel-Selvaratnam, chaired the 26th meeting of Cabinet on Wednesday, 11 October 2023 at the Governor’s Office, Providenciales.

All Members were present except the Hon. Josephine Connolly.

At this meeting Cabinet:

  • Approved the Consultation Report on the Proposed Amendments to the Turks and Caicos Islands Immigration Ordinance with amendments and agreed for the amended document to be brought back to Cabinet for final approval for onward submission to the House of Assembly.
  • Approved a Memorandum of Understanding (MOU) between Turks and Caicos Islands Government (TCIG) and Geta Crew Holding Ltd. for a mixed use development project on the island of Grand Turk, with the view of entering into a Development Agreement as per the Encouragement of Development Ordinance and the National Investment Policy.
  • Approved the renewal of rental lease agreement, for various Government offices, between TCIG and Waterloo Property Management, Grand Turk.
  • Approved the awarding of the following contracts:
  • PN 005694, TR 23/13, Furniture and Equipment for NJS Francis Building; and
  • PN 005696, TR 22/10, Purchase of Patrol Vessels.
  • It noted the update from Her Excellency the Governor regarding the upcoming visit of UK Ministers to the Turks and Caicos Islands.

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