TRIBUNAL FEE FOR 2023 The Utilities Regulation and Competition Authority, (URCA) hereby gives notices to Licensees subjected to pay the URCA Annual Fee that the Tribunal Fee will be levied for 2023. Licensees in a regulated sector are required to pay the Tribunal Fee, under Schedule 3 of the Utilities Appeal Tribunal Act, 2009 (UAT ACT). The Tribunal Fee for 2023 has been set based on the UAT's budget for 2023 as published on 30 December 2022. The fee for licensee’s with relevant turnover less than $0.5M is $360.00 and for licensee’s with relevant turnover greater than $0.5M is 0.1116%.…
For Immediate Release NASSAU, THE BAHAMAS (13 JAN 2023) – URCA is pleased to announce that it has released its Draft Regulations for the National Alert Warning System (NAWS) for the Electronic Communications Sector (ECS) in The Bahamas for public consultation. Public Consultation Document ECS 01/2023 was crafted to facilitate a public warning system consistent with the desire of the Government of The Bahamas to protect life and property. The Communications Act, 2009 mandates URCA to further the interests of persons in The Bahamas concerning the electronic communications sector by maintaining public safety and security. The Draft Regulations propose the…
The Utilities Regulation and Competition Authority (“URCA”) is pleased to publish its Draft Annual Plan and Budget for 2023 (URCA/2023). This document outlines: A brief review of URCA’s achievements in 2022; URCA’s focus areas and key priorities for 2023; URCA’s key projects for 2023, including its planned consultation schedule for the year; A series of the key performance indicators which URCA shall use to measure its performance during the year; and URCA’s budget for the upcoming financial year. The Draft Annual Plan can be found here. URCA invites and welcomes comments and submissions from members of the public, licensees and…
NASSAU, THE BAHAMAS (15 December 2022): The Utilities Regulation and Competition Authority (“URCA”) has completed its review of Bahamas Power and Light Company Ltd. (BPL) proposed fuel charge increase.BPL made the announcement in early October 2022 of a glide path increase to commence on its November 2022 bills. As the regulator for the country’s electricity sector, URCA conducted a comprehensive review of BPL’s fuel charge increase proposal. At the conclusion of that review, URCA determined that it is satisfied that BPL has made an adequate case for the rate increases outlined in its press statement dated 04 October 2022. However,…
