Beautiful Virgin Islands

Tuesday, Jun 03, 2025

Premier hints BVIEC subsidy may end soon, urges go-green route

Premier hints BVIEC subsidy may end soon, urges go-green route

The government’s subsidy on the ‘fuel surcharge’ component of consumers’ electricity bills may soon come to an end.
This was the indication given by Premier Dr Natalio Wheatley at a recent press conference over whether his government will continue to subsidise the high electricity rates beyond the end of this year.

The government agreed to offer a subsidy on the electricity bills for residents – 50 percent for the months of October and November and another 100 percent for December – after months of complaints over escalating bills.

It has also consistently been argued by the government that the high cost of fuel has played a significant role in the rising cost of electricity locally.

“I know that people all over the world are experiencing high prices, but certainly I would love to see the price of the electricity be lowered because, of course, it’s only so much subsidisation you’ll be able to do,” Premier Wheatley said.

In the meantime, Dr Wheatley said a continuation of the subsidy for residents will depend on available resources. He further advised that people should instead consider going into the alternative energy market.

“We’ll have to examine (whether to continue the electricity subsidy) moving forward based on the resources that we have available, but certainly I think we have to get very aggressive about going into alternative energy because, of course, we couldn’t afford to subsidise throughout the whole year, for instance,” Dr Wheatley stated.

The Premier argued that the fluctuating price of fuel is one of the justifications for going into alternative energy and added that renewable energy sources such as the sun and wind are free and should be utilised properly.

“We’d be able to provide a little bit more resilience into our energy sector, we provide a little bit more stability, a little bit more predictability, and I think this is the way that we all have to go,” he said.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Dutch government falls as far-right leader Wilders quits coalition
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
U.S. Justice Department Reduces American Bar Association's Role in Judicial Nominations
U.S. Department of Energy Unveils 'Doudna' Supercomputer to Advance AI Research
U.S. SEC Dismisses Lawsuit Against Binance Amid Regulatory Shift
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
×