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BVIEC does not have a 'fuel supply problem'- Dr Neil M. Smith assures

- said Sol has a contractual duty to supply fuel
The General Manager of the BVI Electricity Corporation (BVIEC), Dr Neil M. Smith, has assured that the company does not have a fuel supply problem. Photo: VINO
Sol has a contractual obligation to provide fuel to BVIEC, General Manager of the BVI Electricity Corporation (BVIEC) Dr Neil M. Smith has said. Photo: Sol
Sol has a contractual obligation to provide fuel to BVIEC, General Manager of the BVI Electricity Corporation (BVIEC) Dr Neil M. Smith has said. Photo: Sol
According to the General Manager of the BVI Electricity Corporation (BVIEC), Dr Neil M. Smith, the region where the BVIEC gets its fuel from, the Gulf Coast, does not have a fuel supply issue. Photo: Reuters
According to the General Manager of the BVI Electricity Corporation (BVIEC), Dr Neil M. Smith, the region where the BVIEC gets its fuel from, the Gulf Coast, does not have a fuel supply issue. Photo: Reuters
ROAD TOWN, Tortola, VI- General Manager of the BVI Electricity Corporation (BVIEC), Dr Neil M. Smith, has assured that the company does not have a fuel supply problem.

Dr Smith was responding to a question regarding the supply of fuel during a press briefing with the government on its response to the global fuel crisis and associated rising cost of living on Monday, April 20, 2026. 

He said it is important to note that the BVIEC does not have a fuel supply problem. 

“The region where we get our fuel, which is in the Gulf Coast, doesn’t have an issue with fuel supply. What we have is a problem of markets, so if they see that they’re going to carry the price up, they’re going to bring it up; that’s just business, capitalism, but we don’t have a fuel supply problem.”

Sol has a contractual obligation

Dr Smith added that Sol, the company contracted by the BVIEC to provide fuel, has a contractual obligation to provide fuel. Sol, he explained, provides fuel at “price plus”.

“The price is going up, and that’s where we get caught up, but it’s not a supply at all.”

The fuel comes from the United States, and Dr Smith assured that there is “more than enough fuel” to supply the BVIEC for a “long, long time”. 

“So that’s not an issue; it’s just an issue of how the markets behave after that.”

The Government of the Virgin Islands will be subsidising both residential and commercial customers of BVIEC by $1 million per month for three months, starting immediately.

5 Responses to “BVIEC does not have a 'fuel supply problem'- Dr Neil M. Smith assures”

  • Clarity (21/04/2026, 09:18) Like (5) Dislike (3) Reply
    BVI electricity corporation needs a forensic audit.
  • Concerned (21/04/2026, 09:51) Like (4) Dislike (3) Reply
    They must have a surplus as they are not using it to supply us with power. Last week every night we lost power. Water at work was off for 48 hours. Internet was down monday - wednesday.

    Were basically falling apart. Its the norm here but not acceptable.
    • Misinformation (21/04/2026, 13:12) Like (2) Dislike (0) Reply
      If you knew anything about electricity generation, you would know that every time there is an outage, the utility company is losing money, as in most cases, while a household may be without power, the generators at the energy plant, in most cases, are still on, constantly burning fuel and generating electricity that is not being metered.

      Additionally, one can simply look at the monthly fuel data publications from BVIEC, of which I have read, to see that BVIEC produce 1kW at an average of about 23 cents and only sells 0-60 kW at 24 cents, whereas the other rate bands are all below 23 cents and about 16.75 cents for those who generate the most electricity. Meaning, BVIEC is clearly operating at a loss, coupled with their monthly fuel subsidy, which only further impacts their financial viability. Please do your research before jumping to conclusions and spewing misinformation.

      Take a read of their latest fuel publication: https://bvielectricity.com/bviecs-monthly-fuel-data-february-2026/
  • Fran (21/04/2026, 10:47) Like (3) Dislike (0) Reply
    I know the prices of fuel have gone up. I found no problem at the tanks getting my gas, just higher prices.
  • Highway Robbery (21/04/2026, 20:12) Like (0) Dislike (0) Reply
    All this has been engineered by the Zionists and their lap dogs Donald Trump and Benjamin Netanyahu. While Trumps family members are making billions from underhanded deals with Arabs the average person is saddled with exorbitant fuel prices. There is absolutely no valid reason why fuel should cost what we are being charged its all a setup by the deranged occupant of the white House and his Israeli criminal side kick. Iranians are filling their tanks for 75 cents that's right 75 cents for a full tank of petrol in Iran. Now you can begin to understand why a Venezuela style operation has been tried with lies and propaganda to brainwash the public. Stop allowing these monsters to lead us to hell.


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