BVIEC to issue 'credit' in September following exorbitantly high August bills
In an August 21, 2026, press release, BVIEC said the higher bills reflect electricity consumed during July 2026, when the corporation experienced the highest fuel cost in its recorded history.
“During July, continued disruption to global fuel markets and shipping through the Strait of Hormuz, linked to the ongoing US-Iran conflict, contributed to a sharp increase in fuel prices. BVIEC’s fuel cost rose to $3.9609 per gallon, resulting in total fuel expenditure of approximately $6.07 million for the month.”
BVIEC added that even after absorbing over one million dollars in fuel costs, the resulting net fuel surcharge reached $0.27606 per kWh, the highest recorded by the Corporation and above levels experienced during the 2022 global fuel crisis.
The spike also occurred after the government’s three-month emergency fuel subsidy programme concluded.
August bills don’t reflect HoA-approved rate changes
The corporation also clarified that the increase reflected in the August 2026 bills is not connected to the recently approved targeted fuel subsidy adjustment for consumption above 1,500 kWh.
“Higher electricity bills place added pressure on household budgets and increase operating costs for businesses across the Territory,” BVIEC stated, acknowledging the effect on customers.
The credit, according to BVIEC, is intended to help offset the impact of the unusually high July fuel costs reflected in August bills. Details on how that credit will be calculated and applied will be communicated to customers before September billing.
Hon Rymer to hold press conference
In response to concerns raised by BVIEC customers, Minister for Communications and Works, Hon Kye M. Rymer (R5) will hold a press conference on Tuesday, August 25, 2026, at 10:00 AM.
Hon Rymer will seek to provide further clarity, address customer concerns and outline the way forward.
BVIEC encouraged members of the public, especially its customers, to stay tuned for additional details and thanked them for their patience and understanding.
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16 Responses to “BVIEC to issue 'credit' in September following exorbitantly high August bills”
But the people will suffer the consequences, and nothing is going to be done to hold those responsible accountable. The blame will be put on the people when we know that's not true if u owe these people, they cut your power without mercy. It needs a forensic Audit done by an overseas company.
and dont forget government audit too thx
bvi resident built for this pressure. we good. we survive Irma and corona so we can handle this ezy
lay it on us! pure friction no gel!
even we gotta take up 3 jobs we will do it
we had money for festival to party when things was hard and survived so we can handle this to!
broad back bvi love
who's with me???
(2) Block 2 Energy
(3) FUEL SURCHARGE
(4) BVIEC FUEL SUBSIDY
(5) FIXED RATE.
Five different payments for the same dam fuel. This needs to be addressed and fixed immediately. Kai Saddle up. You have to be a bare back rider on this one.