utilities
CUC starts 2023 with profit of $5.2M
(CNS): CUC’s unaudited results for the first three months of 2023 saw the monopoly power provider start the year with a profit of $5.2 million. This was a slight drop in net earnings in the first quarter of last year due to increased financing, depreciation and other general costs. However, both sales and customers grew […]
Cayman Brac water production catching up
(CNS): The Water Authority said it has been able to increase the production of water over the last week to meet the growing demand on Cayman Brac, and its supply is now catching up with that demand. While water production has almost reached full capacity, the WA is nevertheless asking customers to continue to preserve […]
WA speeds up plans for 2nd plant on the Brac
(CNS): The Water Authority has said it is accelerating preliminary hydrogeological investigations for a new reverse osmosis (RO) plant on Cayman Brac’s Bluff as one measure to relieve water shortages on that island, especially during dry season, as is the case now. This long-term solution is expected to take two to three years to complete.
Minister aims to improve utility provision
(CNS): Infrastructure Minister Jay Ebanks, who has taken over responsibility for OfReg, the beleaguered utilities regulator, has said he wants to ensure its remit is clearly defined and it is empowered to deliver on that remit so that it can improve the utility services delivered by operators. OfReg oversees water, fuels, energy and telecommunications, which […]
CORE rates for solar are fair to all, says CUC
(CNS): Grand Cayman’s power provider has said it will not increase the rates it currently pays for solar energy generated by customers in its CORE programme. Responding to a statement by the Cayman Renewable Energy Association, CUC said it is not against rooftop consumer solar but it “does not support paying inflated prices for energy” […]
CUC profits rack up as usage and customers grow
(CNS): More people burned more power in more places last year, especially during the summer, which turned into a growth in earnings for the Caribbean Utilities Company in 2022. As a growing number of households struggle to find the money to keep their air-conditioners on, Grand Cayman’s power provider made almost $3 million more last […]
Little Cayman residents livid over terrible Flow service
(CNS): Over 60% of the people who live on Little Cayman have filed a formal complaint to OfReg about what they say is the appallingly bad telecommunications service from Flow they have received for as far back as 15 years. The regulator said 95 residents and business owners had contacted the office, and within days […]
CUC rolls out 5.8% delayed base rate hike
(CNS): Residents across Grand Cayman can expect to see a significant increase in their electricity bills next month when CUC’s base rate hike, deferred from the summer, and the fuel increase, which was also delayed, are rolled out and the power provider starts to recoup the missing earnings since the deferrals. The 5.4% increase to […]
OfReg and CUC to define ‘fair price’ on solar
(CNS): Both the Utility Regulation and Competition Office (OfReg) and Caribbean Utilities Company have begun separate and independent studies to gather evidence on a price that is fair for solar providers and for customers as the Cayman Islands inches towards a much-needed expansion of alternative, renewable fuel supplies. But in the face of the current […]
CUC customers cut use but growth fuels profits
(CNS): With over 900 more new customers, as Grand Cayman’s population continues to grow, Caribbean Utilities Company continued to generate profits in the last quarter, even as people begin to reduce their electricity consumption. According to the power provider’s latest unaudited accounts for the three months ended 30 September, the period reflected a 3% growth […]
Domestic light bill subsidy extends to year-end
(CNS): The Cayman Islands Government has announced a three-month extension to the Electricity Assistance Programme (EAP) until the end of the year to help the public cope with what would otherwise have been a significant leap in monthly bills. Even though we can expect the next three months to be cooler than the last three […]
