Beautiful Virgin Islands

Saturday, Jul 05, 2025

Residents to get 3 months of BVIEC fuel surcharge subsidies

Residents to get 3 months of BVIEC fuel surcharge subsidies

Public Works and Utilities Minister, Kye Rymer, said the National Unity Government has been listening to the cries of the people over rising electricity costs.

In that regard, the minister has announced that the government will be offering a remedy from October through to December of this year to help shoulder the burden of those expenses.

Rymer, while describing the situation as causing serious hardship on residents, said in a statement issued last evening, September 12 that the government will be instituting a subsidy to mitigate against the fuel surcharge element of the high electrical bills emanating from the government-owned BVI Electricity Corporation (BVIEC).

“In the Schedule of Additional Provisions (SAP) recently approved by the Cabinet and the House of Assembly (HOA), government has allocated some funds to help to lower residential electricity bills,” the Minister said.

“Government will be subsidising 50 percent of the fuel oil surcharge on residential electricity bills for the months of October and November 2022, and for the month of December 2022 the subsidy will be 100 percent of the fuel oil surcharge for residential electricity bills.”

The SAP was approved by Cabinet some three weeks ago and was passed by the HOA about two weeks ago.

He further explained that certain measures needed to be put in place for the subsidy’s implementation and that these have since been completed.

Rymer, in the meantime, explained that the formula for calculating electricity bills has already been set in legislation.

“Electricity bills have three major components in their calculation. First, there is a flat $2.50 per month for the service. Second, there are standard charges based on the quantity of energy consumed. The third component is the fuel oil surcharge, which is tied to the price of fuel; and oil prices have risen to record high levels since the escalation of the Russia-Ukraine conflict,” the Minister explained.

Legislators too are suffering


Rymer further noted that elected officials are also directly affected by these escalating costs.

“We, the ministers and members of the government, have also been experiencing increases in the fuel oil surcharges in our private electricity bills,” Rymer said.

The minister largely blamed the issue of rising electricity costs on the Russia-Ukraine conflict which began in February 2022 and said since the start of the COVID-19 global pandemic in March 2020, the pockets of people worldwide have been hit by the rise in the cost of goods and services.

“Practically no one has been spared and the Virgin Islands has not been exempted nor immune to these international developments,” Rymer argued.

He also expressed that these events have caused significant disruptions in the supply of food, raw materials for industry, and the availability and price of fuel on the international market.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
Boris Johnson Urges Conservatives to Ignore Farage
SNP Ordered to Update Single-Sex Space Guidance Within Days
Starmer Set to Reject Calls for Wealth Taxes
Stolen Century-Old Rolls-Royce Recovered After Hotel Theft
Macron Presses Starmer to Recognise Palestinian State
Labour Delayed Palestine Action Ban Over Riot Concerns
Swinney’s Tax Comments ‘Offensive to Scots’, Say Tories
High Street Retailers to Enforce Bans on Serial Shoplifters
Music Banned by Henry VIII to Be Performed After 500 Years
Steve Coogan Says Working Class Is Being ‘Ethnically Cleansed’
Home Office Admits Uncertainty Over Visa Overstayer Numbers
JD Vance Questions Mandelson Over Reform Party’s Rising Popularity
Macron to Receive Windsor Carriage Ride in Royal Gesture
Labour Accused of ‘Hammering’ Scots During First Year in Power
BBC Head of Music Stood Down Amid Bob Vylan Controversy
Corbyn Eyes Hard-Left Challenge to Starmer’s Leadership
London Tube Trains Suspended After Major Fire Erupts Nearby
Richard Kemp: I Felt Safer in Israel Under Attack Than in the UK
Cyclist Says Police Cited Human Rights Act for Riding No-Handed
China’s Central Bank Consults European Peers on Low-Rate Strategies
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Musk Battles to Protect Tesla Amid Trump Policy Threats
Air France-KLM Acquires Majority Stake in Scandinavian Airlines
UK Educators Sound Alarm on Declining Child Literacy
Shein Fined €40 Million in France Over Misleading Discounts
Brazil’s Lula Visits Kirchner During Argentina House Arrest
Trump Scores Legislative Win as House Passes Tax Reform Bill
Keir Starmer Faces Criticism After Rocky First Year in Power
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
Poland Implements Border Checks Amid Growing Migration Tensions
Political Dispute Escalates Between Trump and Musk
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
US Senate Votes to Remove AI Regulation Moratorium from Domestic Policy Bill
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
Jury Deliberations in Diddy Trial Yield Partial Verdict in Serious Criminal Charges
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
King Charles Plans Significant Role for Prince Harry in Coronation
Two Chinese Nationals Arrested for Espionage Activities Against U.S. Navy
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
Trump Administration Considers Withdrawal of Funding for Hospitals Providing Gender Treatment to Minors
Texas Enacts Law Allowing Gold and Silver Transactions
China Unveils Miniature Insect-Like Surveillance Drone
×