Press Statement: The Davis Administration Turned BPL Around and Put The Bahamas on a Path to More Affordable Power

For years, Bahamas Power and Light was a source of frustration and fear for families and businesses: rising bills, unreliable service, and a utility sinking deeper into debt.

The Davis administration changed that trajectory by doing what previous governments avoided: fixing the fundamentals, modernizing the system, and locking in the savings that bring costs down for Bahamians.

This is the difference between talk and delivery.

In New Providence, grid upgrades produced a forty-five percent reduction in outage frequency and a thirty-five percent reduction in outage duration in 2025 compared to historic averages. Smart grid devices prevented tens of thousands of customer interruptions. That means fewer spoiled groceries, fewer damaged appliances, fewer disrupted workdays, and fewer business shutdowns.

At the same time, we are rebuilding the fuel mix to break the cycle of oil price shocks. As LNG is integrated, The Bahamas is projected to deliver approximately one hundred and ninety megawatts of natural gas generation capacity by late 2027. Alongside that, twenty-three microgrid and solar projects across the Family Islands are being developed to deliver close to two hundred megawatts of new generation by 2027, including ninety-seven megawatts of solar paired with battery storage. This is how you cut fuel risk and stabilize bills.

And the savings are already real.

In 2025, the Equity Rate Adjustment delivered eleven point four million dollars in savings to consumers, with the greatest impact going to those who need relief most. Around one in five residential customers paid no base rate charges during the year. That is help that showed up directly on electricity bills.

In December 2025, BPL executed a fuel hedge that provides three hundred and sixty-five days of protection against fuel price volatility, covering approximately two and a half million barrels of fuel oil. That is what responsible leadership looks like: shielding families from sudden price spikes while the new energy system comes online.

As LNG, renewable energy, and battery storage reach full implementation, consumers are projected to save an estimated ninety-two million dollars each year in avoided fuel costs, costs that are directly billed to customers. And by phasing out expensive temporary generation rentals, BPL is targeting up to twenty-four million dollars per year in additional savings.

This is how you make electricity more affordable: reduce fuel costs, reduce waste, reduce breakdowns, and strengthen the utility so it can deliver without digging a deeper hole.

Five-year forecasts now show BPL on track to eliminate its debt within six years and close the long-standing imbalance between Government and the utility. International institutions have pointed to energy reform as a driver of stronger long-term growth and lower external vulnerability.

We had two choices.

We could have choose the old cycle: higher costs, weaker systems, and excuses.

Or you we choose progress: a modern grid, a smarter fuel mix, real savings on bills, and a utility on track to stand on its own feet.

Choose progress.