Cost of electricity in VI could increase with Trump's tariffs- BVIEC GM
In response to a question from the media during a press conference on Thursday, April 3, 2025, about the effect of the United States' sweeping tariffs on electricity prices in the Virgin Islands (VI), General Manager of the BVI Electricity Corporation (BVIEC) Dr Neil M. Smith said prices could increase if the tariffs affect the price of fuel.
10% increase in tariffs for VI
On Wednesday, April 2, 2025, US President Donald J. Trump unveiled the institution of trade levies against more than 180 countries, including the Caribbean islands.
As for the VI, a 10% tariff hike on imports into the US was announced. While less than the 25% proposed by Governor of the US Virgin Islands (USVI) Albert A. Bryan Jr, these tariff increases could still have major economic effects on the economy.
'International trade stress'
This tariff hike could affect the BVIEC’s finances as the sole electricity company in the territory gets most of its fuel from the US.
“We get fuel from mostly Texas, so it might affect us,” Dr Smith added.
In explaining this possibility, Dr Smith said the tariffs proposed by President Trump will cause “some international trade stress that ultimately would affect us in the BVI”.
The BVIEC GM said that since the VI sources most of its commodities- including fuel- from the US, the tariffs will affect the territory.
“If we’re sourcing from someplace else, then it might not affect us so much, but I know…[most] of our trade is done through the United States…so you can expect there will be follow-on effects,” Dr Smith said without explaining further.
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30 Responses to “Cost of electricity in VI could increase with Trump's tariffs- BVIEC GM”
However, the cancer disease is mostly lenght to humans craving for mental, and physical (others chemicals inventions not excluded) pleasurous persue of self egoistic pride.
The human body, so do all other living creatures is unique. Clean air, clean water,
and proper nutritions are vital for good sustaining. These true have been violated, of old, and continuing, worldwide, man's made scientific techniques, though helpful some times, not excluded
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Oil price just DROPPED by 6 usd per barrel !!!
Why haven't bviec been buying futures in oil instead of market price on the day. Its crazy way to run a " business"
Need someone in charge who looks further than his pay cheque
I like the guy, but need to make hiring in these positions about what they propose to bring to the table ..... not their past failings.
BvIec affect EVERYONE here in the BVI.....
Trump ef***g up the whole world
which changes daily) + an amount for the carrier etc * normally in cents. This can also be a minus amount so either platts + 5 cent or platts - 3 cent.
But yiu are absolutly correct, when barrel price goes down we never see the change.
Wind!
Solar!
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https://www.whitehouse.gov/wp-content/uploads/2025/04/Annex-II.pdf
https://x.com/mj_sommers/status/1907570485983854852
However, while it is truly that all humans do make errors, I think that VINO should have recognized it was contrary to the BVIEC intent, and not forward it publicly. But what is done is done. In spite of, VINO is a well needed media awareness Company in the BVI. Continue keeping us up-to-date on the latest happenings. Thank you kindly.