Tag: OfReg
OfReg inching toward long-awaited fuel price transparency
(CNS): The Utility Regulation and Competition Office (OfReg) is in the process of drafting changes to the law to allow it to publish fuel prices as they land, OfReg interim CEO Peter Gough told Finance Committee on Wednesday. The regulator is also beginning an exercise, starting on Cayman Brac, to provide regulatory accounts that show […]
OfReg opens probe into Flow’s 911 outage
(CNS): OfReg has opened an investigation into the unscheduled outage of Flow’s fixed-line network last week which impacted 911 emergency calls. While Flow mobile lines to 911 were unaffected by the outage, in a press release the utilities regulator expressed “deep concern” and said an inquiry is now underway.
OfReg shuts down sales at North Side gas station
(CNS): The utility regulator has shut down the sales of fuel at Jack’s Esso II in North Side over its failure to comply with an environmental data request. The suspension of fuel operations came into effect Monday, OfReg officials said, because of the absence of essential data to allow the regulator to assess conditions at […]
C3 faces fine over CI$500K of missing fees
(CNS): The utilities regulator, OfReg, is looking to fine local telecommunications company Infinity Broadband Ltd, known as C3, for failing to pay its annual fees and comply with the obligation to submit financial reports. In a press release this week, the regulator said it had issued repeated enforcement notices but the company had not met […]
MPs to grill fuel suppliers on price
(CNS): Chris Saunders MP (BTW) successfully steered a motion through parliament last month to establish a select committee to determine how the price of fuel is arrived at here in the Cayman Islands. He said there is at least $2 charged on every gallon sold that, to date, has never been explained. Although this was […]
Telecom provider fined $400k over rate hike
(CNS): Regional telecommunications company Flow has been fined $400,000 by the Utility Regulation and Competition Office (OfReg) after breaching its licence. Flow increased its business customer rates from $30 to $34.99 from January 2019 to April 2022 without approval. OfReg also said the firm failed to comply with its obligation to provide the regulator with […]
OfReg finally makes telecoms warn of outages
(CNS): More than six years after the Utility Regulation and Competition Office (OfReg) was established and over three since the auditor general raised the alarm about its numerous failings, officials have confirmed new rules that require licensed telecommunications companies to notify customers of planned outages. They must also now submit detailed reports on why communications […]
Chairmen appointed to NRA and OfReg boards
(CNS): Mark Parchment, a local financial and development consultant, has been appointed as the National Roads Authority chairperson, and attorney Samuel Jackson is the new chairperson of the OfReg board. The NRA seat has been vacant since Gilbert McLean was appointed but declined to take up the job in February. Rudy Ebanks, the former OfReg […]
OfReg clears more piecemeal CUC green capacity
(CNS): The Utility Regulation and Competition Office (OfReg) has given CUC the green light to release another 6MW of capacity for the Consumer-Owned Renewable Energy (CORE) and Distributed Energy Resources (DER) programmes in the continuing piecemeal approach to the adoption of renewable energy in Cayman. As the clock ticks on the government’s unrealistic goal to […]
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 […]
UK regulator’s crisis expert reviewing OfReg
(CNS): Aidan Stringfellow, head of Crisis Response and Policy and International Affairs at Ofgem, the UK utility regulator for gas and electricity, visited the Cayman Islands last week to offer support to the Utility Regulation and Competition Office (OfReg). The visit follows news that the planning and infrastructure ministry has taken over responsibility for OfReg […]
