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OfReg slaps down Hew's CUC rates question
(CNS): Responding to a PPM press release in which Opposition Leader Joey Hew called on the government to explain why CUC was allowed to increase its rates, the utility regulator noted that the mechanism for rate adjustment has been in place since 2008, and it cannot legally be blocked. (more…)
CUC falls short of embracing OfReg clarity on solar
(CNS): Caribbean Utilities Company said in a release that it had noted OfReg’s recent statement on the legal position regarding customer self-consumption systems in the Cayman Islands. But CUC fell short of a whole-hearted welcome of the regulator’s position. (more…)
OfReg to take over fuel sector licensing from DCI
(CNS): The government is working on new legislation that it believes will significantly improve the oversight of the Cayman Islands’ fuel sector and establish a more sustainable regulatory framework by placing the licensing regime for retail fuel sellers under OfReg. This is expected to address some of the long-standing problems that have hindered the utilities regulator in public safety and…
OfReg seeks tighter laws as fuel prices soar
(CNS): After a meeting last week with Finance Minister Rolston Anglin to discuss global oil prices resulting from the ongoing conflict in the Middle East, the utilities regulator, OfReg, said there is an “urgent need for more legislative tools” to create more transparency on pricing. On Monday morning, premium fuel at several Esso stations on Grand Cayman was priced at more than CI$6 per gallon,…
OfReg rejects warning over sudden gas price hike
(CNS): The utilities regulator, OfReg, has dismissed concerns circulating on social media over the weekend that gas prices could reach CI$7 per gallon, but confirmed that prices will be going up soon. In an effort to contain panic-buying in reaction to the warning of a sudden increase in prices at the pump, OfReg stated it does not anticipate a price spike to such a “drastic level in the…
New North Side gas station on road to opening day
Jack’s Esso, North Side (CNS): OfReg has approved a Fuel Operating Permit to KD Legacy Ltd, trading as Two Crew Quickstop, at 1779 Old Man Bay, North Side, signalling that residents will soon have a gas station in their district again. Jack’s Esso II, the original gas station at the location, was prevented from selling fuel in late 2023 due to safety issues that the regulator has not made…
OfReg finally greenlights CUC's renewable energy bid
Bodden Town Solar Farm (photo supplied by CUC) (CNS): OfReg has finally approved the long-awaited but previously disputed Certificate of Need (CON) for CUC, identifying the need for about 94MW of additional electricity generation capacity on Grand Cayman, the bulk of which is proposed to come from renewable sources. Continue reading OfReg finally greenlights CUC’s renewable energy bid
OfReg seeks input on draft licence deal for IEL
Image from Island Energy website (CNS): OfReg has opened a short public consultation on proposed changes to Island Energy Limited’s transmission and distribution licence, introducing new consumer‑protection rules for customers on Cayman Brac and Little Cayman. According to the regulator, the draft determination, published on 2 February, outlines a series of changes to improve transparency in…
