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Topic: Utility Regulation and Competition Office
Justice Marlene Carter has ruled that the Utility Regulation and Competition Office, commonly known as OfReg, failed to follow the law in ruling that Datalink Ltd. could not charge reservation fees for future use of its power poles.
The Utility Regulation and Competition Office, known as OfReg, has released a set of rules intended to make sure that the companies it regulates do not market themselves in a manner considered deceptive or unfair.
The Utility Regulation and Competition Office, known as OfReg, is seeking an economic consultant to analyze the territory’s fuels sector and draft an assessment, which the regulator will use to determine what rules to make for the market.
The Utility Regulation and Competition Office, known as OfReg, has issued a notice stating that “some” of the territory’s licensed information and communications technology companies are not meeting their financial reporting requirements.
Gas prices reached a four-month low as of Monday, falling to an average of $4.76 per gallon, according to the latest data from the Utility Regulation and Competition Office (OfReg).
Since its inception in early 2017, the Cayman Islands’ Utility Regulation and Competition Office, more commonly known as OfReg, has been defined by erratic policymaking, general ineptitude, threats of violence and the incomprehensible squandering of over-budget dollars.
After losing some $300,000 by the end of March, the Utility Regulation and Competition Office, known as OfReg, was on track to be insolvent by July before government injected $1 million into the territory’s regulator, Premier Alden McLaughlin said on Thursday in the Legislative Assembly.
Cayman’s first commercial-scale solar plant made a positive impact on the community during its first year of operation, producing clean electricity, reducing greenhouse gas and creating jobs, according to a post-project review conducted by the Utility Regulation and Competition Office, OfReg.
In March, the Utility Regulation and Competition Office, known as OfReg, announced that it was launching a process that would result in high-speed internet services being made publicly available to every resident in the territory.
The Utility Regulation and Competition Office, known as OfReg, announced on Tuesday that it has appointed Duke Munroe and Gregg Anderson to serve as “Acting CEOs on a rotational basis” until a new CEO is appointed permanently.
A push to modernize Cayman’s existing street lights has begun.
The Water Authority has raised rates for water, sewerage and septage services for the first time since 2013.
The Utility Regulation and Competition Office, known as OfReg, spent some $2.2 million on salaries and benefits for 22 employees last year, and also had to spend more than $1 million on consultants because the staff lack the skills to carry out the office’s regulatory work, according to OfReg’s 2017 annual report.
The Utility Regulation and Competition Office has signed a memorandum of understanding with U.K. researcher SamKnows to study local internet speeds, OfReg telecommunications regulator Alee Fa’amoe told the Public Accounts Committee Wednesday.
Dissatisfied with the speed in which local telecommunications companies are expanding their fiber-optic cable networks to the island’s under-served eastern districts, Premier Alden McLaughlin has announced government’s intention to have the Utility Regulation and Competition Office (OfReg) build its own network throughout that area.
There are more than 15,000 utility poles on Grand Cayman, all of which serve as potential nodes for fiber-optic cables. Telecom companies are eager to use those poles to expand their fiber networks, which would improve and expand their broadband internet services.
The Utility Regulation and Competition Office will be conducting a "rigorous" analysis of the process that led to the contract for Cayman’s first commercial-scale renewable energy plant.
The Utility Regulation and Competition Office has approved a base rate adjustment for Caribbean Utilities Company in accordance with the Rate Cap Adjustment Mechanism contained in the company’s Transmission and Distribution License.
At least nine companies are illegally charging people for access to the internet via Wifi hot spots, according to the Utility Regulation and Competition Office.
The newly formed Utility Regulation and Competition Office, known as OfReg, is holding its first public consultation exercise – on how it should conduct public consultation exercises.
The new chief executive of the commission charged with oversight of local utilities acknowledged a “skills gap,” but said he hoped to make Cayman “the Singapore of the Caribbean.” The CEO of Cayman’s new Utility Regulation and Competition Office offered a preliminary view of the issues he expected to face in his first weeks.
The government has appointed former telecommunications and works minister and Speaker of the House Linford Pierson as the first chairman of the newly formed Utility Regulation and Competition Office, known as OfReg.
Cayman Water has asked government to withdraw and rewrite a proposed bill investing a new utilities regulation office with broad unilateral powers to control the firm’s activities. The company says it was not consulted on the bill.
Utility chiefs have reacted cautiously to Monday’s publication of a draft law creating a unified commission to oversee water, electricity, telephone and fuel providers, while dissolving separate regulatory bodies previously responsible for each industry.
Under the new law, the Utility Regulation and Competition Office will create a four-member Risk and Audit Subcommittee, a Regulatory Committee, a Policy and Technical Committee for each regulated sector, and a Remuneration and Human Resource Committee, all drawn from URCO members.