The Regulatory Authority announced that it has reduced the Retail Tariff for the second year in a row, and has lifted the moratorium to “allow 5G technology to be deployed in Bermuda.” A spokesperson said, “The Regulatory Authority [the RA] is mandated by law to:
- promote and preserve competition in Bermuda;
- promote the development of the local economy; and
- promote innovation in the sectors it regulates.
“As such, the RA is pleased to announce the status updates to three initiatives in the Electricity and Electronic Communications sectors: Electricity Sector:
- “The RA reduces the Retail Tariff for the second year in a row. With a focus on providing relief to consumers due to the Covid-19 pandemic, the Retail Tariff [“RT”] has been reduced. The RT is the rate at which electricity per kilowatt hour is sold to a consumer and is reflected on a BELCO bill as the ‘Usage Charge’. Electronic Communications Sector.
- “RA lifts the moratorium on 5G. After an extensive review process, the RA’s Board of Commissioners has lifted the moratorium to allow 5G technology to be deployed in Bermuda. This decision is based on the compelling benefits that consumers and local and international businesses will reap – such as enhanced mobility, connectivity, reliability, and security, and includes strict safety measures and adherence to Appropriate Safety Standards as referenced by several International Standards bodies.
- “Communications licences were issued to three new providers in the Electronic Communications sector. Increased competition typically benefits consumers through greater product variety, lower prices, and higher quality services.
“For more information, visit www.ra.bm.”
Original BerNews Link: https://bernews.com/2021/05/ra-reduces-retail-tariff-lifts-5g-moratorium/
