Tag: OfReg

OfReg dodges funding bullet from MLAs

OfReg dodges funding bullet from MLAs

| 24/04/2019 | 33 Comments

(CNS): The utilities regulator, OfReg, came close to missing out on an additional $1.3 million in funding during the recent Finance Committee hearings after MLAs were tied on a vote for the money. Opposition members raised concerns over the regulator’s failings to address fuel pump prices and the wholesalers’ acquisition of gas stations. Several members […]

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OfReg rewrites rules to satisfy stakeholders

OfReg rewrites rules to satisfy stakeholders

| 07/03/2019 | 13 Comments

(CNS): The body established to regulate Cayman’s utilities sector and ensure fair competitive practices has redrafted rules on the penalties for any breaches of anti-competitive practices law. OfReg said this was in response to concerns by stakeholders, as the regulator released the new draft rules for final consultation this month. A release stated that when […]

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OfReg making ‘truth’ rules for utilities

OfReg making ‘truth’ rules for utilities

| 19/02/2019 | 23 Comments

(CNS): OfReg, the regulatory body which now has oversight of all utilities in the Cayman Islands, has opened a public consultation on proposed new rules to ensure that these providers tell the truth in their advertisements and promotions. Officials said the aim is to create a set of rules that will allow the Utility Regulation […]

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OfReg and CIMA directors top pay of SAGCs

OfReg and CIMA directors top pay of SAGCs

| 05/02/2019 | 82 Comments

(CNS): A new report from the Office of the Auditor General has revealed significant disparities in how much staff, bosses and board directors are paid across statutory authorities and government companies (SAGCs). The report shows the board chairs of OfReg and CIMA are making $4,500 and $4,000 per month and their directors are also the highest […]

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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 | 19 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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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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OfReg presses fuel suppliers on price

OfReg presses fuel suppliers on price

| 13/12/2018 | 43 Comments

(CNS): Duke Munroe, who is responsible for the regulation of the local fuel sector within the Utility Regulation and Competition Office (OfReg), has told CNS that the regulator has intervened to persuade the local fuel suppliers to drop the price of fuel by more than they had intended and much sooner. While OfReg continues to conduct […]

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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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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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OfReg’s oversight of water companies

OfReg’s oversight of water companies

| 20/09/2018 | 0 Comments

(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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