The Regulatory Authority of Bermuda has today issued an “Order detailing the Bulk Generation Procurement Rules to be followed for the procurement of all bulk generation projects in Bermuda.”
A spokesperson said, “The procurement rules are intended to be efficient, transparent, simple to use and lead to the implementation of bulk generation projects that best meet the purposes of the Electricity Act 2016 and the objectives set out in the Integrated Resource Plan [IRP] in the most cost-effective way for endusers. Procurement will be initiated by the RA in accordance with the plan laid out in the current IRP.
“The Order is effective immediately and is in accordance with the Regulatory Authority Act 2011 and the Transmission, Distribution and Retail Licence. To view the Bulk Generation Procurement Rules, visit the RA’s website at www.ra.bm.”
Read More About
Category: All, technology
