Tag: Utility Regulation and Competition Office
Ex-Digicel boss moves to C3
(CNS Business): Martin Bould, formerly the chief executive officer at the regional telecom firm, Digicel, has taken the top job at locally owned communications firm, C3. Officials from the wholly Caymanian-owned company said in a press release that Bould will head up the expansion of the firm. The news of his appointment as C3’s new […]
OfReg to investigate CUC’s solar deal
(CNS Business): With the price of solar energy now falling rapidly and the increase competitive pricing of other alternative fuels, Cayman’s utilities regulator, OfReg, has announced its intention to investigate the process around Cayman’s first commercial-scale renewable energy plant, which opened last week. The regulator said it wants to ensure that lessons are learned to […]
CUC opens up more CORE capacity
(CNS Business): The new utilities regulator has approved the allocation of two more megawatts of capacity for CUC’s Consumer-Owned Renewable Energy (CORE) programme as the 6MW previously allocated has reached its limit. Caribbean Utilities Company (CUC) said that customers will have access to only 1MW right now; the second megawatt will be released before the […]
Regulator seeks input on handling powerful utilities
(CNS Business): The newly formed Utility Regulation and Competition Office (OfReg) has launched a public consultation to seek input on how it will manage and deal with monopolies in the utility sector. Officials said they want people to comment on what criteria and items of evidence should be used in defining relevant markets and assessing […]
Regulator seeks to gain trust with consistency
(CNS Business): The newly appointed boss of the government’s newest regulator says there are several challenges ahead for the new office but one of the most important is gaining the trust of the stakeholders across the utilities that he and the team will be regulating. Consistency, transparency, impartiality and independence will be key to forging […]
TV regulator rejects blame over commercial failings
(CNS Business): Following the news that Cayman 27 is dropping its costly ‘Daybreak’ local morning magazine TV show, the TV arm of the new regulator OfReg has stated that this issue is entirely commercial and not a regulatory matter. “The failure of cable providers to come to an agreement with Hurley’s Media Ltd for distribution […]
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