The National Electricity Sector Policy

The Ministry of Home Affairs has updated the National Electricity Sector Policy (NESP), the first comprehensive revision since 2015. The renewal of our National Electricity Sector Policy is one of the most consequential undertakings now shaping Bermuda’s future. This policy is pivotal to the reform of our electricity sector and is intended to serve as a clear beacon, illuminating the pathway toward an energy future that is affordable, secure, resilient, environmentally responsible, and firmly aligned with the needs and aspirations of Bermuda’s residents and ratepayers.

This renewed policy sets out the Government’s strategic direction for the electricity sector and is expressly designed to be fully integrated into the Integrated Resource Plan (IRP). Both policies will be meaningful guides to the decisions that will shape Bermuda’s energy future. While the essentials of life were once listed as food, water, and shelter, today, electricity, telecommunications, and access to information are also essential.

In an increasingly digital world, electricity is no longer a luxury but rather a necessity. It powers our homes, businesses, schools, and hospitals. It fuels opportunity, underpins our social and economic well-being, and touches the lives of every Bermudian. A modern, forward-looking electricity sector policy is therefore also essential. It recognizes that energy is both technical and human, and that the way we generate, regulate and pay for electricity must reflect a national commitment to fairness, stability and security of our island. The updated National Electricity Sector Policy represents a major step forward in ensuring that Bermuda’s energy future is guided by thoughtful, strategic policy grounded in affordability, resilience, and responsible governance. This work builds support upon the Electricity Act 2016, which establishes the overarching framework for the electricity sector and defines the roles of the Regulatory Authority, the utility, independent producers, and the Government.

The Government has acted to modernize the national policy, ensuring it reflects the realities, opportunities, and priorities facing Bermuda today. We welcome the public to review the Draft NESP and we encourage feedback from all residents, businesses and industry stakeholders. We believe this policy ensures that Bermuda’s residents and ratepayers are protected, empowered, and positioned to benefit from the opportunities of a modern energy future.