RSSutilities

OfReg gives nod to CUC plan to ease off fossil fuels

OfReg gives nod to CUC plan to ease off fossil fuels

| 16/01/2019 | 16 Comments

(CNS): The utilities regulator, OfReg, has accepted a plan submitted by the Caribbean Utilities Company (CUC) that sets out a road-map for future energy use and a transition from a fossil fuel based portfolio to one dominated by renewable energy, introducing natural gas and increasing the storage and baseload of renewable generation technologies. The plan was prepared by […]

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Branson company buys Bodden Town solar farm

Branson company buys Bodden Town solar farm

| 10/01/2019 | 48 Comments

(CNS): BMR Energy, a regional sustainable clean energy company that is now owned by Sir Richard Branson, has acquired the 5MW solar plant in Bodden Town from Entropy Cayman Solar Ltd. According to a press release from the Virgin Group company, it will now take over the operations of the utility-scale solar project and the […]

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OfReg tries to steer CUC to reward renewables

OfReg tries to steer CUC to reward renewables

| 28/12/2018 | 27 Comments

(CNS): The Utility Regulation and Competition Office (OfReg) has approved changes to Caribbean Utilities Company’s terms of service that create more choices and promote the use of renewable energy. The revisions to Grand Cayman’s monopoly power provider’s service terms impacts how consumers acquire electricity and what they pay for it. Customers can continue to consume as they always have […]

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OTEC refutes OfReg CEO’s claims over cost

OTEC refutes OfReg CEO’s claims over cost

| 13/12/2018 | 49 Comments

(CNS): Cayman OTEC International Ltd, a company proposing to build an ocean thermal energy conversion plant of the North Coast of Grand Cayman, has said the acting CEO of OfReg, Gregg Anderson, was incorrect when he told Finance Committee recently that the project rate is too high to be viable. In a press release from the company about […]

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OfReg under fire after $2M cash injection

OfReg under fire after $2M cash injection

| 27/11/2018 | 51 Comments

(CNS): The premier has admitted that the office created to regulate utilities has encountered a number of teething problems and has needed much more money than anticipated since its creation some two years ago. Outlining the need for more than $2 million in additional appropriations for the Utility Regulation and Competition Office (OfReg), the premier […]

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Profits flow in for private water company

Profits flow in for private water company

| 09/11/2018 | 41 Comments

(CNS): The president and CEO of Consolidated Water, Frederick McTaggart, reported in the company’s latest financial report that it enjoyed a double-digit increase in gross profit across all business segments in the third quarter of this year. The company, which operates desalination plants here and around the region and also supplies water to the West […]

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Growth in customers props up CUC earnings

Growth in customers props up CUC earnings

| 05/11/2018 | 16 Comments

(CNS): An increase in the number of customers for CUC helped to keep the monopoly power provider’s earnings up in its third quarter results for the year after slightly cooler and wetter average weather. An increase in fuel costs saw customers cutting back on consumption, which also impacted sales. The client base increased by 567 customers to a […]

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Solar farm cuts emissions but investors lost cash

Solar farm cuts emissions but investors lost cash

| 22/10/2018 | 46 Comments

(CNS): The solar array in Bodden Town, which began generating electricity from solar panels last summer, is functioning as expected and fit for purpose, with the necessary controls and systems in place, but the investors failed to make a profit on building the plant. Some 800 homes have been fuelled by the solar energy from the […]

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OTEC still in talks with CIG for ocean energy plant

OTEC still in talks with CIG for ocean energy plant

| 01/10/2018 | 26 Comments

(CNS): OTEC International LLC (OTI) has said that it is still in talks with the Cayman Islands Government and CUC about the proposed ocean thermal energy conversion plant which would, if it ever goes ahead, be the first commercial operation of its kind in the world. OTI entered into its first agreement with CUC in 2011 […]

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OfReg’s oversight of water companies

OfReg’s oversight of water companies

| 20/09/2018

(Auntie): On Monday I answered a question from a reader who had received an eye-popping bill from Cayman Water (see Consumer hit with US$25K water bill), and said that I had contacted the Utility Regulation and Competition Office (OfReg) for its input and would let readers know when I heard from them. Given the public interest […]

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Sol fined $200k over fuel tank blaze

Sol fined $200k over fuel tank blaze

| 19/09/2018 | 45 Comments

(CNS): Sol Petroleum Limited has been fined just CI$200,000 plus costs of CI$86,700 by the utilities regulator in connection with the dangerous fuel tank blaze at the Jackson Point Terminal last summer. Sol has accepted responsibility and paid the administrative fine, which the Utility Regulation and Competition Office (OfReg) said reflected the potentially serious nature of the blaze and […]

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