15 July 2020 For Immediate Release On 15 July 2020 the Utilities Regulation and Competition, URCA, published its Procurement Regulations for Electricity Licensees, 2020. These Regulations are issued in pursuance of URCA’s obligations under the Electricity Act, 2015 specifically section 38 (1)(c). The Procurement Regulations is in keeping with the objectives underpinning the National Energy and Electricity Sector Policies one of which is to ensure reasonable costs to electricity consumers. Procurement is one of the major elements of licensees’ costs. The Regulations establishes the framework for procurement by licensees of generation resources, transmission, distribution, storage and supply assets and services…
Press Release – First Round Responses to the Review of Wholesale Broadband Access Services Preliminary Determination Today, the Utilities Regulation and Competition Authority (“URCA”) published on its website the first-round responses received to its Preliminary Determination on the Review of Wholesale Broadband Access Services under Sections 39 and 40 of the Communications Act, 2009 (ECS 04/2020). On 27 April 2020, URCA launched a two-round consultation process in respect of the captioned regulatory measure. With the publication of first-round responses on its website, URCA now invites written comments on the views expressed by BTC, CBL, Coakster Wireless, Global Nexus, Last Mile…
10 June 2020 URCA issues Addendum to Final Determination titled “Wholesale Fixed and Mobile Termination Rates for SMP Licensees” (ECS 74/2019) Today, the Utilities Regulation and Competition Authority (“URCA”) issues an Addendum to its 24 December 2019 Final Determination on “Wholesale Fixed and Mobile Termination Rates for SMP Licensees” in The Bahamas. Within the 24 December 2019 Final Determination, URCA set interim termination rates and introduced those rates immediately upon publication. In the Final Determination, URCA also pointed out that it was not, at the time, in a position to give a definitive view on the appropriate approach for setting…
The Utilities Regulation and Competition Authority, URCA, is required by law (s.41(1)) to prepare and publish annually a report on its performance for the previous year. This report is to include a financial report comparing budgeted and actual revenue and expenditure, summary of key performance indicators and summary of the organizations activities whether planned or unplanned. The law mandates that this report is published on or before 30 April of each year. URCA, in compliance with its mandate, publishes each year its annual report on its website and other social media platforms. A critical component of this report is the…
