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FortisTCI makes a case for Rate Increase in Media Meeting

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Ruth Gardiner Forbes, President and Chief Executive Officer of FortisTCI

Garfield Ekon

Staff Writer

 

Turks and Caicos, July 17, 2024 – President and Chief Executive Officer of FortisTCI, Ruth Gardiner Forbes says it is very necessary for the company to be granted the 6% increase that it has requested, because it has absorbed many costs in previous years.

Devon Cox FortisTCI

The company is the main electricity provided in the Turks and Caicos Islands (TCI), and the CEO shared that the rate adjustment will aid FortisTCI in meeting the demands of an expanding economy, and growing costs to operate.

If granted, the proposed 6% increase in electricity rate, would mean that an additional $2 to $15 per month for the majority of residential customers, explained Forbes.

While addressing a recent media event, the CEO stressed that “this rate increase is necessary, and we have had to make a lot of investments to keep up with the growth,” she said.

Adding that several factors contribute to the need for increased rates, including cybersecurity risks, wildfire risks, supply chain challenges, and evolving regulatory requirements, she said “this is one of the most difficult things that we have to do, is go to our customers and ask for an increase every year.”

She said the existing circumstances have forced the company to seek the proposed adjustment, and that the rate increase is necessary, as “we have to make the application because amidst all this growth, we have had to make a lot of investments to keep up with the growth,” she told the forum.

The CEO reasoned that given the importance of retaining reliable service, it is not plausible for the TCI to have a headline that says “we are experiencing blackouts,” and the company does not receive a guaranteed 17.5% return, although the rate is allowable by contract, the average return on rate base for the past five years was 3.9%, with the highest being 5.1%.

FortisTCI Execs

The company’s Director of Energy Production, Alvejes Desir, gave details of the impact of the depth of the water at the port on fuel supply costs, adding that limited depth restricts the size of ships that can deliver fuel, leading to increased transportation costs.

He said FortisTCI has made significant investments in renewable energy sources, aligning with the Resilient National Energy Transition Strategy (R-NETS) approved by the Turks and Caicos Islands Government.

The company recently installed a new dual-fuel generating unit capable of using natural gas, a lower-carbon energy source, and is awaiting the Governor’s appointment of an independent inquirer to review the reasonableness of its proposal for a rate hike.

It has also requested the appointment of an independent inquirer to review the reasonableness of its application, a process that was also followed in a previous rate dispute in 2017.

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The Department of Trade, Industry & Fair Competition to Host Export Readiness Workshop Under the theme “Empowering TCI Businesses for Local Growth and Global Markets.”

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Providenciales, Turks and Caicos Islands, February 12, 2026 — The Department of Trade is pleased to announce the launch of its Export Readiness Workshop Series, a key component of its Trade Technical Assistance Programme.

This workshop series will address priority areas critical to small business development in the Turks and Caicos Islands, offering practical guidance and hands-on support in the following areas:

  1. Standards and Quality – Identification of and compliance with regulatory and market requirements
  2. E-Commerce and Digital Trade – Expanding access to regional and international markets

The workshops will be held February 24–27, 2026 and will be delivered in an in-person, interactive format.  Each session is tailored to specific business sectors to ensure targeted support and practical application.

  1.  Workshop 1 – February 24, 2026 | Agricultural Activities and Light Manufacturing (Food & Beverage)
  2.  Workshop 2 – February 25, 2026 | Light Manufacturing (Arts & Crafts)
  3.  Workshop 3 – February 26, 2026 | Light Manufacturing (Clothing, Jewelry & Apparel Accessories)
  4.  Workshop 4 – February 27, 2026 | Light Manufacturing (Cosmetics & Skin Care)

Entrepreneurs and business owners are encouraged to take advantage of this opportunity to enhance their operational capacity, improve export readiness and position their businesses for sustainable growth.

To register, please complete the registration form via the following link Capacity Building & Export Readiness Workshop – Fill out form

For more information, please contact the Department of Trade, Industry and Fair Competition.

☎️Phone: (649) 338-3703

Email: tradetci@gov.tc

Stay updated on announcements by following @tcidepartmentoftrade on Facebook, Instagram, and @MadeInTCI on   TikTok

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Violence against children persists in Latin America and the Caribbean  

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A new report by PAHO and UNICEF warns of the impact of violence from an early age and calls for strengthening prevention, protection and response from health, education and social protection systems to break the cycle of violence and ensure safe environments.

 

PANAMA CITY / WASHINGTON, D.C., 26 January 2026 – In Latin America and the Caribbean, violence continues to be a serious threat to the lives, health and well-being of millions of children, adolescents and young people, warn the Pan American Health Organization (PAHO) and UNICEF in a new joint publication, Violence against children and adolescents in Latin America and the Caribbean: New data and solutions.

The most serious consequence of violence is the death of thousands of children, adolescents and young people. Between 2015 and 2022, 53,318 children and adolescents were victims of homicide in the region.

The most recent available data, focusing on adolescents aged 15 to 17 years, show contrasting trends by sex. Between 2021 and 2022, the homicide rate among adolescent boys decreased from 17.63 to 10.68 deaths per 100,000 in Latin America and the Caribbean, although it remains high. During the same period, the rate among female adolescents doubled, from 2.13 to 5.1 deaths per 100,000.

Homicides occur in a context of rising armed violence in some areas of the region, associated with organized crime, easy access to firearms, social inequalities and harmful gender norms, which increasingly expose adolescents to situations of lethal violence.

Different forms of violence are interconnected andin many cases, intensify over time. The report highlights how violence is present from a very early age. In the region, 6 out of 10 children and adolescents under 14 years of age are subject to some type of violent discipline at home, while one in four adolescents aged 13 to 17 experiences bullying at schoolNearly one in five women in Latin America and the Caribbean report having experienced sexual violence before the age of 18. Increasingly, violence manifests itself in digital environments, although available data remains limited.

“Every day, millions of children in Latin America and the Caribbean are exposed to violence – at home, at school and in communities with a gang presence. Multiple places and situations in the region present real risks and dangers for children,” said Roberto Benes, UNICEF Regional Director for Latin America and the Caribbean. “We know how to end the violence. In Latin America and the Caribbean, strong and sustained public policies are required to prevent and respond to violence in all its forms so that every child can grow up in a safe environment.”

“Violence has a profound and lasting impact on the physical and mental health of children and adolescents and violates their right to grow up in safe environments, at home, school and in the community,” said Dr. Jarbas Barbosa, Director of PAHO. “Health services play a key role in prevention and response: when health workers identify people and groups at risk early and provide timely, quality support, they can make a real difference for survivors, their families and communities.”

In addition to describing the scale of the problem, the report highlights evidence-based solutions that can prevent violence and mitigate its costs.

To advance this agenda and end violence in all its forms, PAHO and UNICEF urge governments in the region to strengthen and enforce child protection laws, ensure effective control of firearms, train police officers, teachers, and health and social workers, support parents and caregivers in respectful parenting practices, invest in safe learning environments, and scale up responsive services to ensure that all children and adolescents grow up protected, have access to justice, and live healthy, violence-free lives.

The report was validated during a regional ministerial consultation held on 23-24 October 2025, which brought together more than 300 participants from across the region, including ministers and senior officials from the health, education, justice and child protection sectors, as well as civil society representatives, youth leaders and international partners, with the aim of agreeing on concrete actions to build safer environments for children and adolescents.

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Invest TCI Launches Fisheries Pilot to Strengthen the Local Fishing Industry

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Providenciales, Turks and Caicos Islands – Thursday, 22nd January 2026: Invest Turks and Caicos has officially launched its

A man pulling in a fishing net with a successful catch

Fisheries Pilot Programme, an initiative designed to transform local fishing from a subsistence activity into a sustainable, growth-oriented business sector. The pilot supports 18 fisherfolk across the islands, providing each with funding of up to $50,000 to purchase vessels, engines, fishing gear, and other essential equipment. In addition to financial assistance, each participant receives business coaching and technical support to help them establish recordkeeping systems and strengthen their financial management.

The programme, developed in partnership with the Ministry of Tourism, Environment, Fisheries, and Marine Affairs, was created in

response to the increasing number of fishing-related applications under the MSME Programme. To address this surge and support the development of the sector, in FY 2024/2025 Cabinet approved $1 million in special funding dedicated specifically to commercial fishing activities.

The initiative officially kicked off in South Caicos on the 9th October 2025, where Invest TCI’s VP of SME Development, Alexa Cooper, and Business Advisor/Programme Manager, Lashena Simmons, joined by Director of Fisheries Mr. Ponteen and Dr. Alvarez, engaged participants in a roundtable discussion on progress, challenges, and next steps.

“This Fisheries Pilot is about helping our local fisherfolk move from survival to sustainability. Through our partnership with the Ministry, we are providing not only equipment and funding, but the business support needed to help them grow strong, viable enterprises. The island meetings ensure that participants remain supported and on track as the programme continues.” – Alexa Cooper, VP of SME Development, Invest Turks and Caicos.

“I know firsthand how important this industry is to our future, not only environmentally, but in how it provides for local families and sustains entire communities. This Fisheries Pilot is about giving our fisherfolk the tools to operate more efficiently, earn more from their work, and build businesses that can last. Through this partnership with Invest Turks and Caicos, we are strengthening food security while ensuring the sector grows in a responsible and sustainable way.” – Hon. Zhavargo Jolly- Minister of Tourism, Environment, Fisheries and Marine Affairs.

Meetings will continue across the islands, with upcoming sessions planned for Grand Turk and Providenciales in February. Through this pilot, Invest TCI aims to build a model for future sectoral support, ensuring that local fisherfolk can operate more efficiently, profitably, and sustainably while contributing to national food security and economic resilience.

Yellowtail snapper.

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