News
Rocketing Electricity Bills; FortisTCI tries public education to soften the blow
By Dana Malcolm
Staff Writer
#TurksandCaicos, August 4, 2022 – Electricity prices will rise significantly this month according to power company Fortis TCI. In an email to customers the company explained that the fuel factor for the July cycle had spiked across the island.
The company said consumers would be facing double digit increases in the fuel factor rate on their newest bills, which came as July turned to August.
“Fuel price increases in June mean an increase in the fuel factor rate, which will be reflected on your next electricity bill. Your July electricity bill will reflect a Fuel Factor charge of $0.2950 per kilowatt hour for Providenciales, North Caicos and Middle Caicos. This is 22.66% higher than last month.”
The increase was slightly lower for Grand Turk and Salt Cay landing at $0.2461, which is 19.88% higher than last month. Last month’s bills were also higher than normal due to rising fuel costs.
FortisTCI sought to sooth residents’ fears about how consumption was calculated stemming from the June increases in an interview aired on Radio Turks and Caicos.
Alvejes Desir, Director of Energy Production said technology upgrades allowed them to do automated meter reads every 15-minutes. This he said meant the consumption was not estimated and customers could read their own meters and compare it to their bills. The meters are also tested and certified, said the director.
Additionally FortisTCI clarified the calculation of the total bills based on the fuel factor and electric rates.
Aisha Laporte, Vice President of Finance, Corporate services and CFO explained that bills are calculated by
multiplying the residents consumption (quoted in kilowatt hours) by the electric rate and by fuel factor rate. Electric costs include the machinery used to actually make and get the electricity to customers while the fuel factor is the cost of fuel used. The electric rate remains steady while the fuel factor changes monthly. Both the electric and fuel factor rates are both vetted by the TCIG.
The rising electricity bills, Laporte explained were dictated by rising oil prices. Diesel is used to run the electricity generators. That diesel is procured from the United States so changes in cost will trickle down
“Russia does supply the US with oil as well— we’ve seen where the Russia Ukraine conflict has caused disruptions with the supply chain— that has contributed to the increase in demand on one hand and restricted supply on the other.”
Additionally the company said that there may be about a month long lag in fuel prices regularly because of the long journey that oil from the US must take before it gets to the Turks and Caicos, Fortis TCI also has a first in first out policy when it comes to oil so that also affects the lag in prices.
Rising temperatures in the summer months played a role in rising costs of electricity according to Laporte. To help they encouraged residents to use the my online account feature, because of the 15-minute readings. Residents can see their consumption in real time.
“We have a smart meter tab that’s on the left-hand side. Once you login and click that tab immediately a graph shows up with your daily usage in addition to that you can click on each day and it will show you your hour by hour consumption,” said Nicquel Garland, Manager of Customer Service
In addition Garland said customers could set a consumption limit and would receive a notification when they got to that limit. Customers can also get percentage notifications so when their current usage gets to 50% etc. of their previous month’s bill they will get a notification.
All data is stored so whenever you sign up all your previous data will be available.
This is an incredibly powerful tool for consumption management and Fortis says with the Ukraine crisis dragging on and the world still recovering from COVID-19 consumption is the key to bill reduction.
Providenciales, Turks and Caicos Islands – May 14th, 2024 – The Turks and Caicos Islands Government and Molo Hotel Group reached a pivotal juncture on Monday, May 13th, 2024, with the ceremonial signing of a development agreement at the Premier’s Office on Providenciales. The agreement, which received official Cabinet approval on March 13th, 2024, signifies a steadfast commitment to advancing the economic landscape of the Turks and Caicos Islands.
Molo Hotel Group is a family-owned business, renowned for its distinguished portfolio of high-quality hotels worldwide. The
development initiative encompasses the construction of three distinct IHG branded hotels: InterContinental Turks and Caicos, Kimpton Turks and Caicos and Hotel Indigo Turks and Caicos. Scheduled for completion by 2027, each resort boasts a distinctive design from luxury to laidback sophistication spanning across the shores of Grace Bay Beach.
Kimpton Turks and Caicos – an epitome of luxury lifestyle living, will feature 192 guest rooms including three outdoor pools, a luxury spa and a fitness center. Additionally, seven dining options ranging from a beachfront restaurant to a rooftop bar.
Adjacent to the Kimpton, InterContinental Turks and Caicos will offer 59 classic luxury suites with panoramic ocean views. Mirroring its counterpart, this resort will offer an array of dining options and upscale facilities.
Steps away from the Intercontinental and Kimpton resorts, Hotel Indigo Turks and Caicos will embrace a sense of community and contemporary elegance, offering 56 bedrooms. The resort will feature an onsite restaurant, lobby bar, outdoor pool, and fitness room.
Beyond the realm of hospitality, this development agreement underscores the government’s commitment to fostering economic growth and enhancing employment opportunities in the Turks and Caicos Islands. Molo is partnering with the Turks and Caicos Islands Community College (TCICC) to actively promote hospitality as a career choice and support in developing training programs, career fairs, seminars, workshops, and events to raise awareness about hospitality careers. Molo has committed to provide employment and apprentice opportunities to TCICC students and provide mentoring and practical on property training to students.
The signing event was graced by Hon. Charles Washington Missick, Premier of the Turks and Caicos Islands, Hon. Jamell Robinson, Deputy Premier, Hon. Kyle Knowles, Minister of Public Safety and Utilities, Hon. Rachel Taylor, Minister of Education, Youth, Sports and Culture, Łukasz and Marcin Slominski, Owners of Molo, Ross Morrow, Managing Director Molo, Arik Kono, Vice President Upscale Development for IHG, Dr. Candice Williams, President and CEO of the Turks and Caicos Islands Community College, Angela Musgrove, InvestTCI CEO, Dr. Barbara Ambrister, Chairperson of the Turks and Caicos Islands Community College, Dr. Delores Stapleton- Harris, Vice President of Academic, Vocational and Student Affairs for the Turks and Caicos Islands Community College, Mr. Kevin Baxter, Dean of Technical Vocational Education Training (TVET) and Sheryl McLaughlin, InvestTCI Investment Services Executive.
Commenting on the development agreement, Premier, Hon. Misick, stated “The Memorandum of Understanding (MOU) signing of
IHG/Molo Hotels is a significant step towards a sustainable future for hospitality in the Turks and Caicos Islands. Three hotels, Kimpton, Intercontinental, and Hotel Indigo, will be introduced, enhancing our tourism product and creating employment opportunities.”
He further added, “Partnerships with the Turks and Caicos Islands Community College and Turks and Caicos Islands Sports Commission are underway, demonstrating the Government’s commitment to developing human capital and elevating tourism offerings. This project will bring economic growth, embrace local talent, and enrich our economy.”
Additionally, Mrs. Angela Musgrove, CEO of Invest Turks and Caicos Islands, emphasized “This collaboration confirms our commitment to fostering economic growth and prosperity within our country. We have worked closely with Molo Hotel Group, and we are confident that this transformative project will further position the Turks and Caicos Islands as a premier destination for travel and investment. Much to our delight, it will also provide opportunities for engagement with our Community College and small business community.”
The Government of the Turks and Caicos Islands, operating through its primary Investment Promotion
Agency, Invest Turks and Caicos Islands, remains committed to attracting and facilitating Foreign Direct Investments to the country by providing a comprehensive suite of services. Through strategic initiatives and targeted promotion, the agency catalyzes sustainable development, driving innovation and small business opportunities across various sectors of the economy.
#TurksandCaicos, May 13, 2024 – Detectives of the Serious Crime Unit of the Royal Turks and Caicos Islands Police Force have
charged a man who allegedly stole a vehicle.
The accused, DANVANTE BRISCO, 30, of Kew Town, Providenciales, was charged with:
- One Count: Robbery
- One Count: Taking Motor Vehicle Without Authority
- One Count: Using Offensive Weapon to cause fear
Mr. BRISCO appeared in court today (May 13 ) and was granted bail of $7500.00 with one surety.
The matter was adjourned to July 05 for a Sufficiency Hearing.
#TurksandCaicos, May 13, 2024 – A 20-year-old Dock Yard male appeared in court today (May 13th) charged with a series of firearm-related offences.
The accused, JAMES SIMON, was denied bail and remanded into custody pending a Sufficiency Hearing scheduled for July 05th, 2024.
Mr. SIMON faces the following charges:
- One Count: Robbery;
- One Count: Gang Membership
- One Count: Possession of a Firearm for the Benefit of a Gang
- One Count: Possession of Ammunition for the Benefit of a Gang.
The charges against Mr. Simon followed investigations by officers of the Royal Turks and Caicos Islands Police Force into a robbery at the parking lot of a Casino where three males robbed a victim.
Additionally, Mr. Simon is charged with the following offences, having been arrested on May 02nd, 2024, along South Dock Road.
- One Count: Possession of a Firearm
- One Count: Possession of Ammunition
- One Count: Unlawful Entry
Officers also charged a teenage minor who was in the company of Mr. Simon on May 02nd with One Count of UNLAWFUL ENTRY.
The accused, seventeen and from Kew Town, Providenciales, pleaded guilty and will be sentenced on May 20th.
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