Tag: Utility Regulation and Competition Office

Miller confirms facts in PAC’s OfReg report

Miller confirms facts in PAC’s OfReg report

| 10/12/2020 | 49 Comments

(CNS): Following the false evidence given by OfReg Board Chairman Linford Pierson to the Public Accounts Committee, Ezzard Miller MP, the chairman of the committee, has called on government to remove him. But he also made it clear to parliament on Thursday that the controversial report, which Speaker McKeeva Bush had tried to stop becoming […]

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OfReg proposes new CORE rate for green power

OfReg proposes new CORE rate for green power

| 15/10/2020 | 14 Comments

(CNS): OfReg has proposed that CUC customers who are part of the power company’s green energy programme will receive just over 13 cents per kWh for the newly transferred allocation of 1-megawatt of capacity. This tranche of potential power provision is being moved from the Distributed Energy Resources (DER) programme to the Customer-Owned Renewable Energy […]

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OfReg creates independent internet speed test

OfReg creates independent internet speed test

| 10/09/2020 | 46 Comments

(CNS): While there are already dozens of free tools online that allow users to measure their real time upload and download internet speeds, OfReg has created one of its own, allowing it to independently monitor local providers. The creation of the tool cost just over $2,100, officials said, giving the regulator “a transparent and independent […]

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PAC strikes record of Pierson’s claims

PAC strikes record of Pierson’s claims

| 22/07/2020 | 45 Comments

(CNS) UPDATED WITH VIDEO: The Public Accounts Committee has struck from its records allegations made by the chairperson of the OfReg board about the auditor general’s report on the regulator, which were made during the hearings last week. Claims made by Linford Pierson that the audit was inaccurate in several areas were refuted on Thursday […]

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OfReg exec jobs advertised day after PAC

OfReg exec jobs advertised day after PAC

| 20/07/2020 | 29 Comments

(CNS): The timing of advertisements placed in the local print media for the executive director positions for both the ICT and electricity sectors at OfReg were “purely coincidental”, said the CEO Malike Cummings, and “not in any way tied to the incumbents’ testimonies during the current Public Accounts Committee”. The senior jobs held by Alee […]

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OfReg set back ICT progress, says director

OfReg set back ICT progress, says director

| 20/07/2020 | 64 Comments

(CNS): The executive director responsible for the regulation of the telecommunications sector under the umbrella utilities regulator, OfReg, has said the creation of this entity had not only failed to meet public expectations but had also undermined the progress of ICT regulation and development. Alee Fa’amoe told the Public Accounts Committee that the creation of […]

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Chairperson deflects blame for OfReg failings

Chairperson deflects blame for OfReg failings

| 15/07/2020 | 112 Comments

(CNS): Dr Linford Pierson, who chairs the board of the beleaguered utilities regulator, OfReg, arrived at Public Accounts Committee on Wednesday ready for a fight. The former Cabinet minister blamed everything and everyone, from Cabinet to the staff, for the multitude of failings surrounding the authority identified in a report by the auditor general. Pierson […]

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‘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 […]

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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 […]

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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 […]

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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 […]

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