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Tuesday, augusT 18, 2026
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Business booming for AC companies astemperatures soar and outages continue BY ANNELIA NIXON TRIBUNE Business Reporter anixon@tribunemedia.net BAHAMIAN air-conditioning companies are reporting a sharp increase in demand this summer as record heat, prolonged power outages and unstable electricity supplies drive homeowners and businesses to repair, replace and upgrade cooling systems. Industry operators say the combination of extreme temperatures and repeated outages is creating a double burden for consumers. They reported that Bahamians are relying more heavily on air conditioning while also facing costly damage to equipment caused by power fluctuations. Nikieva Wallace of Absolute Comfort AC & Refrigeration said the company has seen a 30 to 40 percent increase in servicing requests this summer, much of it linked to electrical surges following BPL outages. “We have been seeing a lot of requests for servicing because most times when there are outages, because the HVAC systems have like boards and inverters, they’re very sensitive to those high and low surges,” she said. “So a lot of times, those surges can cause issues, and we have to go and repair these systems.” Craig Bethel, owner of Absolute Comfort, said the increase in business is also being driven by consumers seeking relief from the heat.
Cheaper AC units raise efficiency concerns
Rising refrigerant costs hit consumers
“Both of those are contributing factors, so it’s an increase in spending for comfort…” he said. Ms Wallace said the prolonged heat has also changed the way many Bahamians view air conditioning, with the appliance increasingly being regarded as a necessity rather than a luxury. “I would say that a lot of people feel like air conditioning is not a luxury,” she said. “It’s definitely a necessity now, especially with the heat wave because people are more prone to heat strokes.” She added that the demand extends beyond people, with some
Fuel hedge will shield Bahamians from global oil hikes, PM pledges BY FAY SIMMONS TRIBUNE Business Reporter jsimmons@tribuneemedia.net PRIME Minister Philip Davis said a fuel hedge covering 2.5m barrels will continue to shield Bahamian consumers from global oil price shocks through December, as the government works to reduce BPL’s exposure to volatile fuel PHILIP DAVIS KC costs through cheaper LNG and permanent generation. Speaking during a National Address last night, Mr Davis said the hedge, executed in December, provided a full year of protection against movements in global fuel prices and meant geopolitical disruptions should not affect electricity bills in the same way they otherwise could have. “We executed a fuel hedge in December, two and a half million barrels, a full year of protection, so a war on the other side of the world does not impact your light bill the way it would have if we had not executed the hedge,” he said. Mr Davis said the government was also pursuing longer-term measures aimed at lowering the cost of generating electricity rather than relying solely on protection from movements in international fuel prices. He pointed to the government’s shift away from rented generation, saying 40MW of rental generation will begin being phased out in January as permanent capacity comes online. The move is part of an effort to reduce a major recurring cost at Bahamas Power and Light, which Mr Davis said had been spending more than $40m a year to rent engines
REFORM - See Page B3
By what authority did Govt move $700M to NIF, demands Pintard? BY FAY SIMMONS TRIBUNE BUSINESS REPORTER jsimmons@tribuneemedia.net
AC technicians swamped by summer demand
OPPOSITION leader Michael Pintard yesterday questioned how the Government could have transferred $700M in excess borrowing into the National Investment Fund while there is still no evidence that the fund's governing board was established or that the account receiving the money was opened. Speaking to reporters, Mr Pintard said the Government has failed to demonstrate where the $700M in excess borrowing went, despite Finance Minister Michael Halkitis previously stating that the Government's excess borrowing had been transferred to the NIF. “We see no evidence of $700m that the minister claim is in the NIF, but what we do know is that the government's own fiscal reports show that the NIF fund held $265.3M,” said Mr Pintard. “In just three months, that balance had effectively disappeared, dropping to some $200,000.” The NIF's $265.3M drawdown has previously come
customers seeking smaller units to keep pets cool. “We’ve even had people come in and ask if we had like smaller units so that they could have an area for their pets, their animals, because it’s just so bad,” Ms Wallace said. However, the surge in demand is coming at a time when consumers and businesses are facing higher equipment and operating costs. Ms Wallace said refrigerants used to service air-conditioning systems have become significantly more expensive as the industry transitions away from older gases toward alternatives
HEAT - See Page B2
Pintard demands energy crisis answers from Davis administration BY FAY SIMMONS TRIBUNE Business Reporter jsimmons@tribuneemedia.net OPPOSITION Leader Michael Pintard yesterday challenged the government to explain how the country reached its current energy crisis after the Davis administration said in June that 95 percent of critical transmission
and distribution upgrades had been completed. Speaking at a press conference, Mr Pintard questioned how Bahamas Power & Light (BPL) could be in the grip of a worsening energy crisis after claiming the majority of system upgrades were complete, demanding to know what was left unfinished that contributed to the system’s “catastrophic failure”.
“We're trying to understand what was that 5percent that they didn't get to that caused the catastrophic failure of the system,” said Mr Pintard. His comments came as the government continues to grapple with widespread power outages affecting New Providence and several Family Islands, with residents and businesses facing prolonged disruptions during a period of extreme heat. Mr Pintard was referring to comments made by Energy Minister JoBeth Coleby-Davis in June, when she said the transmission and distribution upgrade programme was 95 percent complete and that
Domestic aviation network strengthened through partnership with U.S. college BY ANNELIA NIXON TRIBUNE BUSINESS REPORTER anixon@tribunemedia.net THE BAHAMAS is moving to strengthen its domestic aviation workforce through an expanded partnership with Middle Tennessee State University (MTSU) through an MoU. The partnership will create new pathways for Bahamians to pursue training in areas ranging from piloting and aircraft maintenance to air traffic control and aviation management. The Bahamas Department of Aviation, within the Ministry of Energy, Utilities and Aviation, signed an amended Memorandum of Understanding (MOU) with MTSU to expand aviation education, training and workforce development opportunities for Bahamians.
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The agreement, signed on August 13 at MTSU’s campus in Murfreesboro, Tennessee, is aimed at increasing the number of trained Bahamians able to fill
TRAINING - See Page B4
MICHAEL PINTARD
NIF governance questioned over $700m FNM challenges NIF account and board Central Bank queried over $700m transfer under scrutiny, with questions raised over the fund's safeguards and the Government's use of the money for airport infrastructure. The Davis administration has argued that the fund will provide a mechanism for mobilising capital and supporting long-term national investments, particularly
BORROWING - See Page B3 officials expected “another few weeks” of work. At the time, Mrs Coleby-Davis said much of the disruption was linked to the ongoing upgrades, which had been delayed by eight weeks and were being carried out during unusually early extreme heat. She also said some areas that would normally be supplied by two circuits were operating on one while work continued, increasing the strain on the system during periods of high demand. Mr Pintard said the government therefore needed to explain what remained
CRISIS - See Page B3