PLP: Beginning January 2020, 95% of Bermudian Families Will See a Reduction in Energy Bills

News Release: Hamilton, Bermuda – As of January 2020, 95 percent of Bermudian families will see a reduction in their energy bills.

Acting Leader of the Progressive Labour Party, Walter Roban said: “This holiday season, we are committed to focusing on the sure and steady progress we’re making for Bermudian policies.

“Over the last few years, we’ve been working to bring down electricity prices and I’m happy that as of January 2020, those reductions will be realized. We expect reductions of at least 5 percent on energy over 2020 and we expect the vast majority of Bermudians to receive reductions.

“Across the region, electricity rates are going up, but, we are fortunate to be able to see them come down here in Bermuda. Bermudian families will see decreases in their bills. The reduction will reflect on your January 2020 BELCO bill,” he added.

“In the new year, we will continue to focus on reducing the cost of living for Bermudians.”