Topic: Caribbean Utilities Company (CUC)
Dukharan: Switching to renewable energy will cut Cayman’s cost of living
Economist Marla Dukharan made a strident appeal for renewable energy during her keynote address at Caribbean Utilities Company’s Women in Energy Conference
CUC ready to invest US$1 billion in Cayman’s energy matrix
At a recent investor briefing CUC said it would boost capex to help Cayman meet growing power demand and its ambitious renewable energy targets.
CUC and regulator reach agreement on additional power capacity
The electricity regulator has approved a 'certificate of need' proposal by the Caribbean Utilities Company, bringing to an end a dispute that had delayed bids for new power generation on Grand Cayman.
More Caymankind aid arrives in Jamaica
A Cayman tech has delivered satellite equipment to hurricane-hit Jamaica to help people in cut-off rural areas reconnect to the outside world and contact worried friends and family.
Energy regulator scraps fossil fuel plan in out-of-court settlement
Energy regulators are rethinking a decision to commission a massive new investment in fossil fuels amid pressure to accelerate Grand Cayman’s switch to solar power.
Rolling power outages could hit during peak heat
Amid high temperatures, Cayman’s power provider is preparing for the possibility of rolling blackouts, known as load shedding, to accommodate demand.
The power struggle for Cayman’s energy future
A behind-the-scenes power struggle is being waged over the future of Cayman’s energy supply. As policymakers finalise the road map to transition from fossil fuels to renewable energy, stark divisions remain over how that switch takes place – and who gets to be involved.
Opinion: How Cayman can follow Hawaii’s blueprint for solar revolution
Henk Rogers found fame as the inventor of video game Tetris. But he has gone on to be the founder of Blue Planet Foundation and the champion of Hawaii’s renewable energy revolution. His latest non-profit venture aims to spread Hawaii’s success to other island nations including Cayman.
MPs vote for independent investigation of high electricity bills
West Bay West MP McKeeva Bush, stating his electricity bill tripled over two months this summer to more than $4,000 and led to him being put on a repayment plan, has called on lawmakers to investigate how local power companies bill their customers.
CUC: Higher usage, not rising fuel rates behind bill increases
The Caribbean Utilities Company Ltd. says more use of air conditioning as the summer temperatures rise is behind the higher electricity bills many in Cayman are seeing this month, rather than any substantial increases in fuel rates.
CUC reports more customers, higher sales for 2022
The electricity provider’s annual results show 3% more customers and a 2% sales growth per kilowatt hour (kWh).
OfReg releases more capacity for renewable-energy programmes
Utility regulator OfReg has released 3 megawatts (MW) of additional distributed energy-generation capacity to two programmes that allow Caribbean Utilities Company customers to connect their small-scale solar systems or wind turbines to the electricity provider’s distribution system.
CUC increases electricity sales, revenues
Caribbean Utilities Company (CUC) has increased its number of customers, sales and revenue in the second quarter, reflecting an ongoing economy recovery following the COVID-19 pandemic.
Programme lowering CUC electricity bills to take effect
Government’s programme to help lower electricity costs for consumers during the hot summer months will launch in August when electricity provider CUC starts billing for the month of July.
Summer heat and fuel prices to drive up electricity bills
Consumers are going to face a double whammy of rising fuel costs and higher electricity consumption in the hot summer months, Cayman’s electricity provider CUC has warned.
CUC increases electricity sales, earnings in 2021
Cayman’s electricity provider Caribbean Utilities Company (CUC) saw 3% higher sales and $4.2 million higher earnings last year compared to 2020.
Renewables: Additional capacity available for rooftop solar energy
Caribbean Utilities Company is reopening applications for customers who want to connect their distributed renewable energy sources, like rooftop solar panels or wind turbines, to Cayman’s electricity grid.
CUC: Scheduled Outages in South Sound
CUC advises customers on South Church Street, South Sound Road and in Secret Gardens and Hidden Gardens off Fairbanks Road that they may experience short, intermittent interruptions to their electrical service on Tuesday, November 30.
CUC defends ‘competitive’ rates with regional price survey
Cayman’s electricity provider CUC has pointed to a regional price survey by industry body, the Caribbean Electric Utility Services Corporation (CARILEC), as evidence that its local prices are “competitive”.
More customers, higher earnings for electricity provider
In the second quarter, CUC’s operating income of US$8.9 million was $3.3 million higher than during the same period in 2020.
CUC electricity sales, earnings decline
Caribbean Utilities Company posted net earnings of $3.3 million in the first quarter of 2021, half-a-million dollars less than during the same period last year.
CUC partners with Electriq Power in residential battery storage project
Electriq will supply 10 homes in Grand Cayman with its PowerPod energy storage system to showcase the technology.
CUC electricity sales and earnings fall
Border closures and coronavirus-related lockdown measures have caused a decline in Caribbean Utilities Company’s full-year electricity sales and earnings.
Business in brief
EY’s Robert Moncrieff, Global Insurance International and Transactions Tax Services leader, has joined the EY region of the Bahamas, Bermuda, British Virgin Islands and Cayman Islands.
CUC exports more than 1 million pounds of recyclable material
Caribbean Utilities Company has implemented a programme that so far has exported the equivalent of almost three "football fields" of recyclable materials, including electrical transformers, waste oil, rubber, copper, steel, brass, aluminium, streetlights, wire, wood and concrete.
CUC posts ‘stable’ third-quarter results
As a result of COVID-19, CUC's net earnings for the first nine months of 2020 dropped by $4.2 million, to $18.7 million, compared to the same period last year.
CUC aims to raise funds with rights offering
Caribbean Utilities Company is inviting existing shareholders to buy more shares with a rights offering, aiming to raise as much as US$47.8 million.
COVID-19 hits CUC’s quarterly results
Caribbean Utilities Company reported an operating income of US$5.6 million in the second quarter of 2020, a decrease of $2.6 million compared to the same period last year. CUC said the results “reflect the impact COVID-19 has had on our business and Grand Cayman’s economy”.
CUC dispatches team to Bahamas
Seven local power line technicians and technician helpers have joined teams on the ground in the Bahamas assisting with hurricane relief efforts. The men, all employees of the Caribbean Utilities Company’s Transmission and Distribution Operations department, left for the Abaco Islands on Friday.
