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Power Bills Higher; Pelican Energy says Global Market Conditions to Blame

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By Deandrea Hamilton

PROVIDENCIALES, Turks and Caicos Islands — Electricity customers across the Turks and Caicos Islands are being warned to brace for higher power bills in the coming weeks as Pelican Energy TCI says turmoil in global fuel markets is driving up the cost of generating electricity.

In a statement issued on May 28, the utility advised that international fuel prices have risen sharply due to instability in parts of the Middle East and the resulting pressure on global energy supply chains. The company says those higher fuel costs are expected to impact the fuel factor rate applied to electricity bills beginning in June and July.

According to Pelican Energy, the fuel factor rate is projected to increase from approximately 17.5 cents to 31.1 cents per kilowatt-hour, an increase that could add between $15 and $140 per month to residential electricity bills, depending on how much electricity a household consumes.

The company stressed that the increase is not tied to its base electricity rate and does not represent a decision by the utility to raise prices.

“The projected increase is not the result of a change to the electric rate (base rate) or utility pricing decisions but is the direct result of international fuel price movements beyond the utility’s control,” the company explained.

Pelican noted that fuel used to generate electricity is purchased in advance to ensure a reliable power supply. Because of that purchasing cycle, changes in global oil prices can take several weeks before they are reflected on customer bills.

The timing is particularly challenging for consumers because the increase coincides with the start of the summer season, when higher temperatures typically lead to increased electricity use for air conditioning and cooling.

Pelican President Devon Cox acknowledged the impact the higher costs will have on households and businesses already facing cost-of-living pressures.

“We recognize the challenges that rising fuel prices place on households and businesses, particularly at a time when cost-of-living concerns remain front of mind. We do not take these impacts lightly and remain committed to working closely with the TCI Government, our key stakeholders, and our customers.”

The utility says it is simultaneously accelerating investments in renewable energy projects aimed at reducing long-term dependence on imported fuel.

Cox pointed to several initiatives now underway, including utility-scale renewable energy installations in Providenciales, new microgrid developments on sister islands following the successful completion of the North Caicos solar-plus-battery project, and the continued expansion of rooftop solar partnerships.

“These investments are expected to significantly reduce reliance on imported fuel over time and help stabilize energy prices for our customers,” Cox said.

South Caicos customers are expected to experience the higher fuel factor rate first, while customers on other islands will likely see the increase reflected in bills issued at the end of July.

Pelican is encouraging residents and businesses to monitor their electricity usage closely, take advantage of energy conservation measures and use the company’s online bill estimation tools to better understand how the higher fuel factor could affect monthly expenses.

For consumers, the message is straightforward: while the increase may appear on local electricity bills, Pelican Energy says the cause lies thousands of miles away in global energy markets.

Bahamas News

Energy Minister Delivers Electrifying Keynote Opening Address at CAREC 2026  

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NASSAU, The Bahamas – The Bahamas’ Minister of Energy, Utilities and Aviation, The Honourable JoBeth Coleby-Davis, delivered an electrifying address during the opening ceremony of the 2026 CARILEC Resilient/Renewable Energy Community (CAREC) Conference and Exhibition, being held October 18–22, 2026, at the British Colonial Hotel in Nassau, The Bahamas.

Under the theme “Empowering Progress: Strategic Policy and Planning for the Energy Transition,” the event draws more than 200 industry leaders, policymakers, regulators, and energy professionals committed to advancing practical strategies for sustainable and reliable Caribbean power systems through renewable energy and emerging technologies.

During her address, titled “The New Energy Era: Transforming Policy into Progress,” Minister Coleby-Davis reminded attendees that The Bahamas’ national motto, “Forward, Upward, Onward, Together,” aptly describes what the region’s energy transition demands.

“Empowering Progress speaks directly to our national motto. Not waiting for progress, but creating the conditions that allow progress to happen. Meaningful progress, however, does not occur by accident. It requires vision, sound policy, strategic planning, strong institutions, and the determination to turn decisions into results,” said Minister Coleby-Davis.

Participants acknowledged that small island developing states share similar pressures, compounded by geographical challenges, small electricity markets, ageing infrastructure, geopolitical influences, and the growing threat of severe weather.

Tasked with ushering in a new energy era across the islands while addressing the challenges posed by The Bahamas’ unique archipelagic composition, Minister Coleby-Davis said, “Every island needs a different answer, but the same logic. As an archipelagic nation, we must provide electricity across many islands, each with its own demand and infrastructure needs. Our strategy, therefore, must be national in direction, but responsive to individual communities.”

Restating her Ministry’s three core messages—that energy is an economic and security priority, technology must be viewed as a tool to support strong institutional leadership, and natural gas should be considered a bridge, not a destination—Minister Coleby-Davis reiterated that “progress must now be reflected in functioning infrastructure, effective institutions, and better electricity services: from policy commitments to coordinated implementation, and from fragmented investment decisions to long-term planning.”

Organised by CARILEC and co-hosted by Bahamas Power and Light (BPL) and Grand Bahama Power Company (GBPC), the annual Conference and Exhibition brings together the Caribbean energy community to advance practical solutions to the region’s most pressing energy challenges and accelerate progress towards more resilient, reliable, and sustainable power systems.

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Bahamas News

Monument Supports Hands for Hunger With Paradise Plates Debut  

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NASSAU, Bahamas — Caribbean Wines & Spirits (CWS), The Bahamas’ leading wine and spirits distributor, proudly supported Paradise Plates, Hands for Hunger annual fundraiser with a flavorful offering of its newest product, Monument Beverage Co.

Monument, which launched this July and is available across six major islands, made its Paradise Plates debut. Guests enjoyed three bold flavors: Peach Passion, Ginger-Lime and Melon Fizz as they socialized throughout the evening.

Monument brand ambassadors engaged guests with knowledge on the ready-to-drink beverage’s unique taste and look. Many attendees were delighted to learn that Monument is 100% Bahamian-made and owned and enjoyed seeing the various national landmarks on the packaging.

The booth was adorned with vibrant brand colors, striped arches, tropical florals and a photo worthy backdrop featuring Monument cans filled with florals cascading down the wall.

At the end of the event, the entire Monument inventory had finished, making Monument’s Paradise Plates debut a huge success.

For more details on Caribbean Wines & Spirits, new products and specials, visit www.cwsbahamas.com today.

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Bahamas News

Schweppes ‘the Art of Mixology’ Dazzles at Paradise Plates with Nemiroff Vodka

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NASSAU, Bahamas — Schweppes, in collaboration with Nemiroff Vodka dazzled guests with handcrafted cocktails during Paradise Plates, Hands for Hunger’s annual fundraiser held at Atlantis’ Imperial Ballroom.

The evenings’ theme, 70’s: Paradise Disco, inspired bold and delicious sips from Schweppes and Nemiroff.  The beautiful disco themed Schweppes booth, adorned with LED signs, lush greenery and hanging black and gold metallic orbs shined throughout the room.

Schweppes’ brand representatives and mixologists dressed in chic 70’s speakeasy attire engaged attendees throughout the night. Guests enjoyed receiving knowledge of each product and experiencing the vibrant energy of brand representatives.

Nemiroff Vodka, which is locally distributed by Caribbean Wines and Spirits (CWS), The Bahamas’ premier wines and spirits distributor; offered a unique variety of vodkas which made the perfect blend with Schweppes. Guests enjoyed, Nemiroff’s Honey Pepper, De Luxe, Burning Pear, Wild Cranberry, and Bold Orange vodkas throughout the night.

Fan favorite cocktails of the night were: the Wild Cranberry Tonic and the Bold Orange Fizz.

Following a positive response at Paradise Plates, CWS is offering Nemiroff and Schweppes specials at local liquor stores for the entire month. With the purchase of any 1-liter Nemiroff vodka, enjoy a complimentary three-pack of Schweppes mixers, to recreate the magic of Schweppes and Nemiroff.

Cara Douglas-Adderley, Senior Marketing Director for Caribbean Bottling (CBC), local producers and distributors of Coca-Cola and Dasani products and CWS shared the inspiration behind the Schweppes and Nemiroff promotion.

“We are thrilled to have paired Schweppes and Nemiroff for Paradise Plates this year, creating a premium cocktail experience for guests. After receiving such positive feedback, we wanted to extend that experience to consumers at home. Throughout October, consumers can visit their favorite watering hole, buy any 1-liter Nemiroff bottle and receive a free three-pack of Schweppes.”

Caribbean Bottling Company is proud to offer Schweppes, Coca-Cola’s premier mixer in collaboration with Caribbean Wines & Spirits and Nemiroff Vodka at Paradise Plates in support of Hands for Hunger’s mission.

For more information on CBC’s philanthropic work, new products and specials, visits www.cbcbahamas.com today.

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