Tag: Utility Regulation and Competition Office
OfReg invites Caymanians to join Consumer Council
(CNS): The Utility Regulation and Competition Office (OfReg) is creating a Consumer Council to advise it on issues involving utilities that significantly affect consumers and is looking for suitably qualified Caymanians interested in serving on this new body. It will be made up of six members, one from each of the districts across all three […]
Water Authority asked to justify rate increase
(CNS): The utilities regulator, OfReg, has deferred an application by the Water Authority for a rate increase asking the government-owned company’s management for more information to justify the increase. During last week’s OfReg board meeting the directors reviewed the request for a hike in prices but found that the 2020 year’s financial statements supporting the […]
Two women appointed to OfReg board
(CNS): Two women have been appointed as non-executive members of the OfReg board, filling up the empty seats on the previously entirely male environment. Accountant Bonnie Anglin and lawyer Natasha Bodden will serve for a period of three years on the beleaguered governing body at a time when public attention is likely to remain focused […]
Gas prices pass $6 as Gough takes over OfReg
(CNS): Several gas stations across Cayman are now charging well over CI$6 per gallon as prices at the pump begin to reflect the jump in prices paid by local wholesalers after global oil prices sky-rocketed. While everyone knew it was coming, the increase to $6:53 for premium per imperial gallon and CI$6:38 for regular was […]
Rubis faces prosecution over oil tank spill
(CNS): Following an investigation into an oil spill from a tank at the Rubis Jackson Point Terminal more than two years ago, the utilities regulator has revealed that the case is now in court. OfReg said it has filed a charge with the director of public prosecutions (DPP) accusing the fuel wholesale and retail company […]
OfReg still has no policy to address gas prices
(CNS): More than five years after the Utility Regulation and Competition Office (OfReg) was established, it is still determining the best approach to regulate the price of fuel at the pump in Cayman, as this issue is one of its primary goals. Duke Munroe, OfReg’s executive director of fuels, has said that the regulator continues […]
Fuel suppliers can’t hike prices on speculation
(CNS): The Utility Regulation and Competition Office (OfReg) has said that local operators are not allowed to increase the price of fuel based on speculation about the current oil market resulting from the sanctions against Russia.
OfReg boss resigns for better offer
(CNS): Malike Cummings, the chief executive officer of the Utility Regulation and Competition Office (OfReg), is leaving the beleaguered agency after two and a half years on the job and a catalogue of controversies, having apparently taken up a better job offer in a different jurisdiction. According to a release from OfReg, the process of […]
Former C&W employee is new OfReg board chair
(CNS): Rudy Ebanks has taken over the chairmanship of the Board of Directors for Utility Regulation and Competition (OfReg). The former chair of the beleaguered watchdog, Linford Pierson, resigned following the election. Although OfReg is widely considered a costly but failing watchdog that is not fit for purpose, Pierson blamed everyone but the regulator at […]
OfReg opens public opinion survey
(CNS): The beleaguered utilities regulator, OfReg, is opening up itself for more direct criticism with the launch of two online customer service surveys, one for business and one for the general public. OfReg Chief Executive Officer Malike Cummings said while there is some overlap in the questions, one of the surveys is intended for operators […]
OfReg searches for more consultants
(CNS): The Utility Regulation and Competition Office (OfReg) will be spending more public cash on consultants in the coming months after issuing two requests for proposals, one for a study on the value of solar energy to the country and the second for a new public relations agency. According to the regulator, the solar consultants […]
