The Utilities Regulation and Competition Authority (“URCA”), as the electricity sector regulator, considers the development of a regulatory frameworks governing the sector to be paramount to meeting its statutory obligations as defined in both the Electricity Act, 2015 (EA) and the URCA Act, 2009. Through both Acts, URCA is empowered to impose a regulatory penalty or fine on a licensee who breaches a provision of the EA, a license condition, regulatory and or other measures. The imposition of financial penalties for breaches is also a means to effectively ensure compliance with sector regulations and established standards. URCA undertook the consultation…
URCA has extended the courtesy of a 5 p.m. March 10 deadline extension for submission of responses to its 2023 Draft Annual Plan for those stakeholders requiring extra time to complete responses. Please note that this extension will be the final deadline for responses to the 2023 Draft Annual Plan.
URCA issues this Statement of Results and Final Decision further to its Consultation on “Definition and Interpretation of a Major Outage in Public Electricity Supplier and Authorized Public Electricity Supplier Licenses – ES 02/2022” document (“the Consultation Document”) published on 1st November, 2022, in exercise of its powers under section 38(c) of the EA. URCA notes that the term major outage is defined in the definitions page of the licenses for a Public Electricity Supplier License (“PESL”) and an Authorized Public Electricity Supplier License (“APESL”) , but that term lacks the specificity necessary to provide guidance to licensees to respond…
The Utilities Regulation and Competition Authority (URCA) has today issued its 2023 Fee Schedule. Publication of the fee schedule is in accordance with section 8(1)(e) of the Communications Act, 2009. Persons may view the 2023 Fee Schedule here. Invoices will be issued to licensees in the usual manner.
