Equity Rate Adjustment – New Tariff Information – Bahamas Power and Light Company

Equity Rate Adjustment – New Tariff Information

Understanding the ERA

The ERA is designed to encourage customers to conserve and use energy efficiently while creating a fairer distribution of costs based on consumption.

Why This Matters to You

The new rates encourage you to save energy and use it more efficiently.

The less you use, the more you save.

This adjustment means a more balanced distribution of energy costs based on how much you consume, ensuring fairer rates for all.

Here is what you need to know.

ERA is an adjustment to the BPL base tariff and the fuel charge to:

  • Create a more equitable balance to the current tariff structure. It does this by reducing the bills for most customers and reducing the subsidy that is going to the largest General Service users from all other customers.
  • Create a safety net for BPL’s most vulnerable customers.
  • Encourage energy conservation (those who use less, pay less).

Who is affected?

These changes only impact customers of the Bahamas Power and Light Company Ltd. and will not affect customers of other electricity providers in the country (Grand Bahama Power, RAV Utilities, St. Georges, etc.).

What are the changes to the Base Tariff?

The changes to the base tariff are set out in the table below:

Fuel Charge

BPL will continue to calculate the total amount it spends on fuel per billing period and divide it among the total units of electricity consumed during that period.

However, the first 800 units (kWh) consumed will be billed at 2.5 cents less than the calculated average. Above 800 (kWh) will be calculated at 1.5 cents above the average.

Example: If the average is 20 cents per unit (kWh), then the customer will be 17.5 cents per kWh for the first 800 units (kWh). The remaining units (kWh) will be billed at 21.5 cents.

To view BPL’s Monthly Fuel charge Click here

 

Get All the Answers You Need!

Have questions? Our comprehensive FAQ covers everything you need to know about ERA.

Additional Resources

Want more Information? Please find a copy of the Electricity Act, 2024 here