Tag: OfReg

‘We’ve been ripped off’ on gas prices

‘We’ve been ripped off’ on gas prices

| 30/06/2020 | 117 Comments

(CNS): The price of gas at the retail fuel pumps riled up several members of the Legislative Assembly on Monday, as they pressed the premier over what OfReg was doing to address the problem, given the dramatic fall in global oil prices this year. Chris Saunders (BTW) said, “We’ve been ripped off,” and everyone had […]

Continue Reading

5G conspiracy theories make their way to LA

5G conspiracy theories make their way to LA

| 29/06/2020 | 136 Comments

(CNS): With one application from a new but unidentified company to roll out a 5G network in the Cayman Islands, Premier Alden McLaughlin was fending off questions in the Legislative Assembly on Monday about social media conspiracy theories. Although there is “no credible evidence” this technology is any more harmful than previous generations, some opposition […]

Continue Reading

OfReg costs more, fails to protect consumers

OfReg costs more, fails to protect consumers

| 23/06/2020 | 89 Comments

(CNS): Three years after the creation of OfReg, auditors have taken a close look at the beleaguered utilities regulator and found that it has cost more than its predecessors but has failed to address its fundamental purpose of consumer protection. Inconsistent leadership, limited governance and oversight, a lack of strategic planning and direction or understanding […]

Continue Reading

OfReg offers little hope on gas prices

OfReg offers little hope on gas prices

| 30/04/2020 | 82 Comments

(CNS): Gas prices finally started to fall in Cayman this week but the utilities regulator, OfReg, which is tasked with tracking fuel costs around the world as well as regulating the sector here, has backed the local fuel suppliers’ claim that the lag in price decline is unavoidable. For years there have been concerns that […]

Continue Reading

OfReg reveals fuel tank leak at Rubis

OfReg reveals fuel tank leak at Rubis

| 11/03/2020 | 44 Comments

(CNS): The utilities regulator issued a press release Tuesday, in which it revealed for the first time that a fuel spill had occurred in November last year at one of the tanks at the Jackson Point Terminal, which holds fuel for the retailer Rubis. OfReg said that it was investigating this leak at the South […]

Continue Reading

Hong Kong firm begins OfReg work on fuel prices

Hong Kong firm begins OfReg work on fuel prices

| 09/10/2019 | 58 Comments

(CNS): The utilities regulator, OfReg, has revealed that a Hong Kong-based firm has begun work on the long-awaited assessment of the fuel market in the Cayman Islands. OfReg said consultants from Economics Partners Limited, which won a recent tender, were here meeting with stakeholders to carry out the “market diagnostics” stage of this review of […]

Continue Reading

OfReg seeks access to power provider’s books

OfReg seeks access to power provider’s books

| 07/10/2019 | 28 Comments

(CNS): OfReg has begun a public consultation on proposed new accounting rules for the electricity sector that the authority said will protect consumers by strengthening its capacity to detect abuses of market power and unfair pricing. While the public continues to demand that OfReg deal with the fuel providers, as that is seen as the […]

Continue Reading

OfReg proposes auction to attract green power

OfReg proposes auction to attract green power

| 30/09/2019 | 36 Comments

(CNS): The Utility Regulation and Competition Office (Ofreg) has published a consultation document on a proposed renewable energy auction scheme to attract providers of renewable energy. The idea is to have procurement auctions that will promote the steady deployment of green energy and keep the market competitive. OfReg said it would issue requests from potential […]

Continue Reading

Another new boss appointed at OfReg

Another new boss appointed at OfReg

| 24/09/2019 | 39 Comments

(CNS): The Utility Regulation and Competition Office (OfReg) has another new boss. According to the latest government Gazette published on Friday, the Cabinet has appointed Malike Cummings, as the chief executive officer for the beleaguered authority. Cummings, who has come to Cayman from a similar position in Turks and Caicos Islands, appears to have started […]

Continue Reading

Cayman 27 not alone in owing OfReg fees

Cayman 27 not alone in owing OfReg fees

| 31/08/2019 | 51 Comments

(CNS): The utilities regulator, OfReg, has revealed that while Cayman 27 was forced off air last night over unpaid fees of more than CI$100,000, it is not the only licensed broadcaster that is behind paying fees due to the regulator. Responding to CNS enquiries about the end of the local TV station, Alee Fa’amoe, executive […]

Continue Reading

OfReg rejects water company rate hike

OfReg rejects water company rate hike

| 16/07/2019 | 49 Comments

(CNS): The utilities regulator has rejected an application by the private sector water company to increase its rates. Cayman Water Company Ltd supplies water to residents in West Bay and Seven Mile Beach and it already charges more than the government-owned Water Authority – Cayman, which supplies the rest of the Cayman Islands. In a […]

Continue Reading

Please support independent journalism in the Cayman Islands