VI Gov’t announces solar project to reduce electricity cost by 50%

ROAD TOWN, Tortola, VI - The BVI Electricity Corporation (BVIEC), through the Ministry of Communications and Works, has announced the Solar Technology Energy Programme (STEP), a project aimed at reducing the cost of electricity in the VI and assisting the people of the VI.

The announcement was made today, April 18, 2024, by Minister for Communications and Works Hon Kye M. Rymer (R5) at a press conference today, April 18, 2024.

Hon Rymer says this venture comes as the government has become aware of the high cost of living in the VI.

“Today I am pleased to introduce one of those initiatives developed in support of that mandate, the Solar Technology Energy Program or STEP, which is meant to reduce the electricity bills of participant residential customers by as much as 50%.”

He said the system is expected to realise a positive impact in the near future with significant savings to come.

“This initiative will involve the installation of grid-tie systems that will allow electricity to be produced for customers from the sun, and in some cases, may result in financial credit being given to participating customers of the BVIEC."