PRESS RELEASE FROM THE UTILITY REGULATION AND COMPETITION OFFICE OF THE CAYMAN ISLANDS
The winning bidder of the formal Request for Proposal to perform the economic and competition assessment of the fuels markets across the Cayman Islands has commenced work.
Read morePress Release - Regulatory Accounting Rules Consultation
Regulatory Functions Strengthened By Ofreg Proposals For New Accounting Rules
Read morePress Release – New CEO
The Utility Regulation and Competition Office is delighted to announce that Mr. Malike Cummings has been apQpointed as the new Chief Executive Officer.
Read morePR - Renewable Energy Auction Scheme
On 23 September 2019 the Utility Regulation and Competition Office ("the Office"/"OfReg") published on its website Consultation Document – E&U 2019 – 2 which provides members of the public and other interested parties the opportunity to submit written responses on the proposed Renewable Energy Auction Scheme that will apply to electricity sector renewable energy procurement.
Read more20-MEGAWATT ENERGY STORAGE PROJECT TO DELIVER FOR CONSUMERS AND THE ENVIRONMENT
OfReg has today announced that it has approved a 20-Megawatt (MW) utility-scale battery energy storage project for CUC, paving the way for annual consumer savings of approximately CI$5 million.
Read moreEnforcement Notice
The Utility Regulation and Competition Office released its “Notice of Enforcement” at the start of August, continuing efforts to ensure absolute compliance from its ICT Licensees.
Read moreOFREG APPROVES WATER AUTHORITY RATE ADJUSTMENT
The rate charged for water by the Water Authority will only increase 1.46% this year, to account for inflation. This small increase is less than two-thirds of what the utility applied for last year. This will represent a marginal increase of approximately $1.50 per month for the average residential WAC consumer.
Read moreOFREG REFUSES CAYMAN WATER COMPANY LTD. REQUEST FOR RATE INCREASE
OfReg has refused a request from Cayman Water Company Ltd., to raise the price of water rates paid by its consumers in Grand Cayman.
Read moreOFREG CONSULTS ON OVERHAUL OF ICT LICENSING FRAMEWORK TO MEET NEEDS OF CONSUMERS AND THE CHALLENGES OF MODERN COMMUNICATIONS
OfReg is consulting on proposed changes to the ICT licensing framework, which will shift the focus towards outcome of service, benefitting consumers in the Cayman Islands.
Read moreBANKS AND CUSTOMERS SHOULD REMAIN VIGILANT AGAINST MALICIOUS ‘TRICKBOT’ MALWARE
OfReg is today warning all banks and their customers to remain vigilant against the threat of malicious malware, in particular, malware known as ‘TrickBot’, a modular banking trojan designed to steal financial information.
Read moreOFREG INVITES INPUT FROM PUBLIC AND INDUSTRY ON FUEL DISPENSING REQUIRMENTS DESIGNED TO IMPROVE SAFETY, CONSUMER PROTECTION AND COMPETITION IN FUEL SECTOR
OfReg has today issued a discussion paper outlining suggested fuel dispensing requirements, designed to protect consumers by reducing the likelihood of drivers dispensing incorrect fuel into a vehicle, which can be dangerous, damaging, costly and time-consuming to correct. The discussion paper is designed to ignite debate among members of the public and the fuel industry, ahead of a formal consult...
Read moreOFREG HIGHLIGHTS IMPORTANCE OF DOMAIN NAME SYSTEM SECURITY EXTENSIONS FOR DOMAIN NAME INDUSTRY
OfReg is today publishing a notice, remining of the dangers of cyberattacks on the domain name system (DNS), and publishing links to further advice on preventing such attacks. This advice is aimed at members of the domain name industry, such as registries, registrars, resellers as well as networks operators which operate DNS data requests.
Read moreEXTENSION NOTICE
OF 2019 - 1 - Consultation on the Proposed Truth in Advertising Rules and OF 2019 - 2 - Consultation on the Proposed Anti-competitive Practices Penalties Rules
Read moreConsultation on Proposed Anti-competitive Practices Penalties Rules
The Utility Regulation and Competition Office (‘OfReg’) is launching a 2nd consultation on the proposed Anti-competitive Practices Penalties Rules. The proposed Anti-competitive Practices Penalties Rules were re-drafted in order to expand on the calculation methodology that OfReg will utilise when determining amounts of penalties to be imposed.
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