utilities
Logic says outage was outside its control
(CNS): Local internet service provider Logic has said that the outage impacting its customers ahead of the arrival of Hurricane Beryl last week resulted from “technical functions within the infrastructure, outside of the control of the stakeholders involved”, but the issue has been “identified and remedied”. Officials told CNS in answer to our inquiries that […]
CEO: OfReg blocked additional CUC rate hike request
(CNS): Following backlash about the CUC base rate hike this summer, OfReg CEO Sonji Myles has said the utilities regulator had no choice but to approve the annual rate hike because it complied with the conditions of the licence. However, he said that OfReg had blocked a proposal by the power provider that would have […]
OfReg says oil tanker did not leak fuel after grounding
(CNS): The Utility Regulation and Competition Office (OfReg) has begun inquiries into the incident involving the Sea Elephant, an oil tanker that ran aground off the coast of Cayman Brac on 7 July. In a short release about the investigation, OfReg said there had been no reports of any fuel spills but the grounding had […]
CUC increases base rate on electricity bills by 3.2%
(CNS): The Utility Regulation and Competition Office (OfReg) has approved an annual base rate increase of 3.2% on CUC bills, which will come into effect on power used by customers from 1 June. The hike comes as Cayman Islands residents are struggling with the rising cost of living and after CUC saw its earnings increase […]
CUC aims to maintain power through hurricane
(CNS): CUC has said it will not stop electrical service as Hurricane Beryl approaches Grand Cayman late tomorrow night and that power will remain on for as long as it is possible and safe. If damage is identified in a specific area, the system will automatically stop service to that area until restoration efforts can […]
CUC seeks 100MW of solar energy and storage for 2027
(CNS): With an eye on the National Energy Policy targets and the increase in demand for power, CUC has made an application to OfReg for a Certificate of Need (CON) for 131 megawatts of generating capacity, which includes 100MW of solar and storage. The remaining 31MW will be generated from fossil fuels, either diesel or […]
OfReg blames CUC’s failings for blackout warnings
(CNS): The Utility Regulation and Competition Office (OfReg) has rejected the idea that it is to blame for the possibility of rolling power outages on Grand Cayman this summer if, as expected, demand on the grid reaches the peak of CUC’s ability to generate electricity. For some time, CUC has been warning that the island […]
CUC warns rising heat could cause power cuts
(CNS): Grand Cayman’s sole power supplier, CUC, has issued a statement warning that its shrinking reserve margin means customers could soon see rolling power outages as the mercury climbs this summer. Growing demand driven by already record high temperatures, economic growth and delays in OfReg’s bid for new generating capacity for the grid means that […]
CUC kicks off 2024 with 18% earnings increase
(CNS): Grand Cayman’s power provider got off to a very profitable year with a $1 million rise in net earnings to over $6.2 million for the first quarter of 2024, an 18% increase compared to the first three months of 2023. A 6% increase in sales, a 2% growth in customers and an increase in […]
CUC and CREA welcome revised energy policy
(CNS): The Cayman Renewable Energy Association (CREA) and CUC have welcomed the recent publication and Cabinet’s acceptance of the new National Energy Policy and its target of getting Cayman to a 100% renewable energy supply by 2045. After years of disputes, both parties have offered their support to the policy, which requires each of them […]
CUC will battle in court to keep solar secrets
(CNS): Officials at the Caribbean Utilities Company have told CNS that their decision to challenge the release of two reports that CUC prepared for OfReg relating to the bidding process for future power generation is to protect “commercially sensitive information” that could help competitors in any future bids. The company also said it was in […]
