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FortisTCI Projecting Massive Fuel Factor Decline for Electricity Customers

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Forecasting shows a huge drop in fuel factor – up to 80% by October

#Providenciales, Turks and Caicos Islands (Tuesday, June 11, 2020) – Over the next four months, FortisTCI is projecting that electricity consumers will see significant reductions in their energy costs by way of a declining fuel factor. Looking ahead, customers can expect the fuel factor to fall on average by approximately 80% in October, bringing added economic relief to homes and businesses across the Turks and Caicos.

Customers will see a decline in the fuel factor on their June electricity bills. However, the company’s forecast models indicate that the most significant decreases will start in July with an approximate 52% reduction in the fuel factor compared to January 2020. July’s decline is followed by a 68% drop in August, a 73% drop in September, before reaching an 80% decline in October, compared to January 2020’s fuel factor.

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The decline in energy costs comes as a result of the near historic drop in world market fuel prices this past March and April. While the fuel supply chain presents a lag in effective prices, FortisTCI passes these reductions to customers as quickly as possible. The projected decrease in fuel cost will result in an overall reduction of electricity bills. Over the period at its highest impact, the company anticipates that residential customers will see their electricity bills reduced on average by approximately 23% to 27%. Commercial customers can expect, on average, an estimated 20% reduction in bills, medium hotels and supermarkets, on average, will see an estimated 23% reduction and large hotels, an approximately 26% reduction on their electricity bills when compared to January 2020.

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FortisTCI President & CEO Eddinton Powell said, “The company has closely monitored the decline in global fuel prices and is glad to see the reduction in cost from our fuel supplier that can now be passed on to our customers. The reduction in the cost of energy and the fuel factor will have a positive impact and provide further economic stimulus to our customers. While this means a reduction in electricity bills, customers must continue to manage their electricity consumption, especially as some continue to spend more time at home due to the pandemic, and as we enter the warmer summer months.”

The information provided is a projection, and fuel prices may differ at the time of purchase as global crude and diesel commodity markets remain very volatile. For more information on the fuel factor, click here.

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Caribbean News

Wal Registre’s Impressive Rise at BTC

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PROVIDENCIALES, Turks & Caicos Islands: When Wal Registre started his career at Beaches Turks and Caicos (BTC) on October 25, 1997 as a bartender, little did he know that 25 years after, he would have risen to the post of payroll administrator within the same organisation.

The Raymond Gardiner High School graduate was always good at accounting and mathematics and had the dream of excelling in the hospitality industry in an area that would best fit his passion and academic strength.

Having been promoted to bar supervisor in 1999, Wal’s vision for growth was still active as he recognised that being a team member at Beaches Turks and Caicos would allow him to excel beyond his comfort zone. Following the completion of a number of courses with the Sandals Corporate University (SCU), he transitioned to the Cost Control unit in the Accounting Department as the cost control clerk.

Wal pointed out that his ability to grow within the company was largely due to his commitment to excellence. The SCU courses that were offered gave him the added training needed to build on what he was able to learn on the job and from his mentors.

“At BTC, training is very important to each employee. There are many opportunities for professional development and with the guidance from the Learning and Development team, and the leaders within the company, team members can truly grow,” Registre added.

One of Wal’s colleagues, Janet King, noted, “Wal’s commitment serves as an example to every team member here. His ability to grow from an entry level position to where he is now shows that everyone can succeed once they put their minds to it.”

While expressing his commitment to his profession, Wal’s dedication and discipline are traits that he values and chooses to pass on to those he leads. In sharing his advice to younger professionals seeking to enter the industry, he noted, “this organisation believes in quality work life balance that will allow each team member valuable time with family. This period helps me to maintain a bond with my family and explore the world. Training within this company is available for everyone and the ability to grow professionally is dependent on each person having the right attitude to grow.”

 

Release: BTC

Photo Captions

Header:Wal Registre, Payroll Administrator at Beaches Turks and Caicos makes final checks as he goes through documents at his desk at the resort

Insert: Anna Francis, Accountant in the Finance department at Beaches Turks and Caicos and Wal Registre, Payroll Administrator at the resort pause from discussing work related items to smile for the camera

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Caribbean News

Special Needs Unit Students at Thelma Lightbourne Primary School recognised by BTC

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PROVIDENCIALES, Turks & Caicos Islands –  Parents and students from the Special Education Unit at the Thelma Lightbourne Primary School were recently recognized by the Beaches Turks and Caicos team during a special session at the institution as part of autism awareness activities.

Children’s Activities Manager Fedeline Julien shared, “educating students, parents, teachers and other adults about the best practices of dealing with children with autism is needed especially in our homes and schools. Children who are autistic do things differently and should be treated with patience and care.”

Robin Cox Foster, principal of the school said, “the partnership between Beaches Turks and Caicos and our school is always welcome. As the only resort on island that is an autism certified centre, they were readily available to share with our students and their parents. The involvement of the Sesame Street character, the presentations from the Kids Camp team to the parents allowed those present to appreciate their roles in being change agents for autism.”

Caring for a child with special needs was highlighted as an opportunity to create a closer bond between child and parent/caregivers.

Walter Moore, who has a son on the spectrum shared, “being able to deal with the many challenges of a special needs child will assist parents in being more patient and creative in how they care for a child. My son and I are best friends. He is comfortable talking with me about anything and I have to learn how to respect his likes and dislikes and create an environment that makes him happy.”

Beaches Turks and Caicos’ Kids Camp is an Advanced Certified Autism Centre which ensures that team members have the required knowledge, skills, temperament, and expertise to cater to all children. The resort offers age-specific programmes for infants, toddlers, pre-teens and teens.

 

Release: BTC

 

Photo Captions:

Header: Tanya Swann (left), Director of Sales, Groups and Conventions at Beaches Turks and Caicos introduces the team of volunteers who were present while Robin Cox-Foster, school principal looks on

1st Insert: Walter Moore (left) Beaches Turks and Caicos team member shares a moment with his son (right) and Sesame Street character Sesame Street

2nd Insert: Some members of the Beaches Turks and Caicos Sandals Foundation team share a moment at the Thelma Lightbourne Primary School during a presentation to the institution

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Government

PUBLIC STATEMENT – ROAD CLOSURES ON GRAND TURK

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#TurksandCaicos, June 2, 2023 – The Ministry of Physical Planning and Infrastructure Development in collaboration with the Water Undertaking, Ministry of Home Affairs would like to advise the Public of the closure on the intersection of Airport Road and Osbourne Road area as part of the on-going Pipe Laying project on Grand Turk. The works are expected to last not exceeding 24 hours. The road will be closed for traffic during the period of June 03, 2023 from 7:00 Am to 7:00 PM.

Alternative re-route:

  • Vehicles heading North bound, turn right to Osbourne and turn Left to Barrack Hill Road.
  • Vehicles heading South bound, turn right to Ponce de Leon Street and turn left to Palm Grove Drive

TRAFFIC CONTROL PLAN

҉NOTICE OF ROAD CLOSURE TO FACILITATE INFRASTRUCTURE WORKS ON SATURDAY 3RD OF JUNE 2023 FROM 7AM TO 7PM PROJECT: UPGRADING OF WATER DISTIBUTION FACILITIES IN GRAND TURK TR 21/55 C

 

FROM THE MINISTRY OF PHYSICAL PLANNING 

AND INFRASTRUCTURE DEVELOPMENT  

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