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Bahamas gov't to negotiate new fuel hedging deal with BPL

The new board of Bahamas Power and Light (BPL), in conjunction with the Ministry of Finance, will need to negotiate a new fuel hedging deal to ensure Bahamians continue to enjoy lower electricity bills.
 
During a press conference announcing the new BPL board, Bahamas's Minister of Works and Utilities Alfred Sears said with oil prices on the rise, Bahamians can rest assured that there will be some fuel hedging deal put in place as the current one comes to an end.
 
Mr. Sears said hedging is one of the first things the new board will have to tackle to provide price stability for the end-use consumer.
                                


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