Fuel
OfReg inching toward long-awaited fuel price transparency
(CNS): The Utility Regulation and Competition Office (OfReg) is in the process of drafting changes to the law to allow it to publish fuel prices as they land, OfReg interim CEO Peter Gough told Finance Committee on Wednesday. The regulator is also beginning an exercise, starting on Cayman Brac, to provide regulatory accounts that show […]
CUC goes to New Zealand to find new energy VP
(CNS): CUC has announced a new senior appointment to help the monopoly power provider on Grand Cayman transition to a lower carbon future. According to a press release the firm, well-known for employing Caymanians in senior positions as well as among the rank and file this time CUC went ‘to New ‘down-under’ and found Dr […]
OfReg still working on fuel price transparency
(CNS): More than five years after it was created, the Utility Regulation and Competition Office (OfReg) is still working on some of the key aims and objectives that it was supposed to address. One of the main goals was to determine how the pump price for gas is calculated and whether it is fair, an […]
Rubis fined $225k for 2019 terminal oil spill
(CNS): Almost three years after 3,700 gallons of oil leaked at Rubis’ Jackson Point Terminal due to a rusty tank, the Utility Regulation and Competition Office (OfReg) has fined the supplier $225,000 following a successful prosecution. The discovery of the leak was not reported to the public for six months, and the report on the […]
OfReg says local pump prices ‘average’ for region
(CNS): As gas prices hit record highs at local fuel pumps, the utilities regulator has released a recent price comparison survey carried out across the Caribbean and the UK. “This shows that fuel prices in the Cayman Islands are in the median average range within the countries of similar size compared and much lower in […]
OfReg finds no support for poor fuel quality allegation
(CNS): Allegations posted on social media accusing a local gas station of diluting fuel were immediately investigated by the Utility Regulation and Competition Office (OfReg), which found them to be unfounded. Although no formal complaints were made to the gas station in question, BarCam Esso, or to OfReg, in response to the anonymous complaint, which […]
Expected gas price hike still shocks drivers
(CNS): The price of a gallon of fuel shot up Tuesday, when the Seven Mile Beach Esso became the first local gas station to break the CI$7 mark, but the rest will soon follow, OfReg has confirmed. With an increase of more than 60 cents, regular gas jumped from around $6:31 at the Esso stations […]
OfReg ordered to reveal names in gas station tests
(CNS) UPDATED FRIDAY 4:40pm: Efforts by OfReg to protect retail petrol stations that are found selling poor quality fuel have been thwarted by the ombudsman in a major breakthrough for consumers. A freedom of information request had been made for the names of stations selling deficient gas, which were exposed during the regulator’s periodic inspection. […]
OfReg blames COVID for dragging heels on fuel spill
(CNS): The Utility Regulation and Competition Office (OfReg) claims it is taking “appropriate actions regarding a tank leak” at the Rubis Terminal in late 2019. Following a report on CNS last week about a review of the spill, which blamed the fuel supplier for not dealing with a corroded tank, the regulator said it had […]
Rusted Rubis tank leaked over 3,686 gallons of diesel
(CNS): A rusty storage tank at Jackson Point suffered a “bottom plate failure resulting from severe rust and degradation due to corrosion”, which was preventable, according to an independent investigation report into a spill at the Rubis terminal in South Sound in November 2019. The report, which has been acquired by CNS, shows that the […]
Greener gas cleared for ETH station
(CNS): Refuel has been given the green light by the Central Planning Authority to begin work on a second gas station for the ethanol supplier and the first fuel stop on the Esterley Tibbetts Highway. Dow Travers, the owner of the islands’ only supplier of the alternative bio-based gas products, has been trying to expand […]
