regulatory authority of bermuda

What regulatory authority of bermuda does

The Regulatory Authority of Bermuda is an independent statutory regulator established in January 2013 under the Regulatory Authority Act 2011. It serves Bermuda's residents, businesses, government ministries, and providers in electronic communications, electricity, submarine communications cables, and fuel pricing by issuing licences, setting or reviewing rates, monitoring market performance, enforcing compliance, resolving complaints, and conducting public consultations. The organization is governed by a Board of Commissioners and operates from Hamilton.

Its operational technology centers on regulatory systems and processes rather than a customer-facing software platform: a public Authorisation Register, market monitoring and analysis, rate-setting and review workflows, and a compliance investigation framework. The RA's listed team of 23+ professionals spans legal affairs and enforcement, utility and energy regulation, electronic communications, engineering, finance, and administration. The source data discloses no API, SDK, AI modality, proprietary model, or broader platform architecture.

As a not-for-profit authority, the RA does not sell products or services to consumers. Its operations are funded through regulatory fees from licensed providers and charges recovered through electricity and electronic communications services, with annual work plans and budgets subject to public consultation and final approval by the Minister of Finance. Its stakeholder and communications model is correspondingly event- and document-driven, relying on its website, public consultations, town halls, media releases, newsletters, social media, and direct engagement rather than a conventional sales motion.

Name

regulatory authority of bermuda

Legal name

Regulatory Authority of Bermuda

Website

https://ra.bm

Company type

Private

Founded year

2013

Operating status

Operating

Short description

The Regulatory Authority of Bermuda is an independent statutory body that licenses providers and oversees electricity, electronic communications, submarine cables, and fuel pricing to protect Bermuda’s consumers and public interest through rate setting, compliance monitoring, and dispute resolution.

Ownership category

akta.pro rank

Product category

Utility and Communications Regulation

NAICS

Regulation and Administration of Communications, Electric, Gas, and Other Utilities (926130)

akta.pro primary industry

Communications, Media & Spectrum Regulators (BPAIAOAI)

akta.pro secondary industries

Energy, Utilities & Natural Resources Regulators (BPAIAOAJ), Licensing & Permitting Authorities (General) (BPAIAOAB)

Keywords

• Utility sector regulation
• Electronic communications oversight
• Submarine cable licensing
• Consumer protection services
• Rate setting and review

Headquarters

HQ city

Hamilton

HQ country

Bermuda

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others, Infrastructure

Revenue model

1. Regulatory Authority Fees: The RA's operations are funded through Regulatory Authority fees established under legislation and sector-specific frameworks. These include fees paid by licensed providers, as well as regulatory charges recovered through electricity and electronic communications services. The Work Plan and budget are subject to an annual public consultation and require final approval of the Minister of Finance.
2. Consumer Cost Savings: The RA generates value by saving consumers money through regulatory oversight. Between 2020 and 2024, the RA saved consumers approximately $90 million from revenue allowance sought by BELCO through careful scrutiny of utility expenses.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

The Regulatory Authority of Bermuda is an independent statutory regulator that licenses, oversees, and enforces rules across Bermuda's electricity, electronic communications, submarine communications cables, and fuel sectors. Its core offerings include sector licensing (TD&R, Bulk Generation, radio, COL/ICOL, SubCol, Spectrum), rate-setting and tariff administration, compliance monitoring, consumer complaint resolution, and the maintenance of a public Authorisation Register, all carried out under the Regulatory Authority Act 2011, Electricity Act 2016, Electronic Communications Act 2011, Submarine Communications Cables Act 2020, and Fuels Act 2022.

Product overview

The Regulatory Authority of Bermuda is an independent regulatory body (not a product company) that oversees four critical sectors: Electricity, Electronic Communications, Submarine Communications Cables, and Fuels. The RA's services include sector regulation and licensing, consumer protection, rate-setting and tariff administration, public consultations, and maintaining the Authorisation Register of licensed providers. These regulatory functions are carried out under specific legislation including the Regulatory Authority Act 2011, Electricity Act 2016, Electronic Communications Act 2011, Submarine Communications Cables Act 2020, and Fuels Act 2022.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity Sector Regulation
• Electronic Communications Sector Regulation
• Submarine Communications Cables Sector Regulation
• Fuel Pricing Regulation

Quantifiable outcome

• $90 million saved for energy consumers between 2020 and 2024 through regulatory oversight
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and supporting.

• Cable and Wireless Network Services LimitedcoreOthers · 1 January 2020The only current Sub Col licence holder for submarine communications cables in Bermuda. The RA regulates the submarine cables sector established by the Submarine Communications Cables Act 2020.
• BELCOcoreOthers · 1 January 2011BELCO is the sole licensed company to transmit, distribute, and sell electricity in Bermuda (TD&R licensee). The RA regulates BELCO through rate setting, market reviews, and compliance monitoring under the Electricity Act 2016. BELCO must account for its generation and TD&R business separately to ensure financial accountability.
• Tynes Bay Waste to Energy FacilitysupportingOthersBulk generator of electricity in Bermuda, operating as an alternative energy facility alongside BELCO's generation capacity.
• Ministry of Home AffairscoreStrategic or Co-development PartnerThe RA operates under the policy direction of the Minister. The Ministry issues directives to the RA on regulatory matters and the RA must comply with ministerial directions under the regulatory framework.
• Ministry of FinancecoreStrategic or Co-development PartnerThe RA's Work Plan and budget require final approval of the Minister of Finance. The Ministry is involved in fuel pricing policy matters including the Fuels Act 2022 transition.
• Ministry of Legal AffairssupportingStrategic or Co-development PartnerThe Minister of Legal Affairs serves as Chair of the Selection Committee for Commissioner appointments under the Regulatory Authority Act 2011.
• Privacy Commissioner's OfficesupportingStrategic or Co-development PartnerOversees the RA's handling of personal data under PIPA 2016. Consumers can complain to the Privacy Commissioner if unhappy with how the RA handles their personal information.

Scale indicators6 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Utilities Regulation and Competition Authority (URCA): The Utilities Regulation and Competition Authority is an independent multi-sector regulator in The Bahamas covering electronic communications, electricity, water and wastewater. Its small-island, public-interest remit closely parallels RAB's integrated regulation of communications, electricity, submarine cables and fuels.
• Utility Regulation and Competition Office (OfReg): OfReg is the Cayman Islands' statutory regulator for electricity, telecommunications, water, wastewater, propane and other utilities. It is a direct regional peer for RAB's single-country, multi-sector utility oversight.
• Office of Utilities Regulation (OUR) Jamaica: Jamaica's Office of Utilities Regulation is an independent regulator spanning electricity, telecommunications, water and sewerage, with rate, licensing and consumer-protection responsibilities. It is a direct analogue for RAB's multi-utility and communications mandate.
• Malta Communications Authority (MCA): The Malta Communications Authority is an independent regulator for electronic communications, spectrum, networks and digital services. It is a direct peer for RAB's communications licensing, spectrum, competition and consumer-protection functions.
• Canadian Radio-television and Telecommunications Commission (CRTC): The CRTC regulates Canadian telecommunications and broadcasting, including licensing, competition, spectrum and consumer matters. It is a direct regulatory analogue for RAB's electronic communications and spectrum oversight.

Broad incumbents

• Ofcom: Ofcom is the UK's statutory communications regulator across broadcasting, telecoms, spectrum and online services. Its scale is much larger, but its licensing, enforcement, market and consumer roles overlap directly with RAB's communications mandate.
• Ofgem: Ofgem regulates Great Britain's electricity and gas markets, including network economics, price controls and consumer protection. It is a broad incumbent energy peer for RAB's electricity rate-setting and market-review activities.
• Federal Communications Commission (FCC): The FCC is the U.S. federal communications regulator, overseeing spectrum, licensing, competition and consumer policy. It is a broad incumbent peer for RAB's communications, spectrum and submarine-cable licensing functions.
• Federal Energy Regulatory Commission (FERC): FERC regulates interstate energy infrastructure, electricity transmission and wholesale markets in the United States. It is a broad incumbent energy peer for RAB's electricity infrastructure, market and rate oversight.

Regional players

• Telecommunications Authority of Trinidad and Tobago (TATT): TATT is Trinidad and Tobago's independent telecommunications regulator, responsible for licensing, competition, spectrum and consumer issues. It is a regional player with a materially comparable communications mandate to RAB.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/RegulatoryAuthorityBermuda
• LinkedInlinkedin.com/company/regulatory-authority-bermuda

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about regulatory authority of bermuda