The Utilities Regulation and Competition Authority (URCA) issues the Final Determination on the review of the state of competition within the markets for retail fixed electronic communications services in The Bahamas. This encompasses retail fixed voice, retail fixed broadband, and retail pay TV services. URCA issued the Preliminary Determination ECS 04/2024 on 28 February 2024 where URCA outlined its preliminary views on the competitive dynamics in the retail fixed markets of the sector. URCA received feedback over two consultation rounds from The Bahamas Telecommunications Company Limited (BTC) and Cable Bahamas Limited (CBL). Having considered the feedback received, URCA now issues…
The Utilities Regulation & Competition Authority (URCA) has released the Statement of Results (SOR) from the comprehensive efficiency audit conducted on Bahamas Power and Light (BPL). The audit, carried out by Castalia Advisors and LCI Inc., aimed to establish baseline performance indicators and create a regulatory roadmap to monitor and improve BPL's performance. The audit assessed BPL's technical operations, commercial practices, financial health, organizational strategy, and human resources. Key findings highlighted the need for improvements in generation efficiency, especially in the Family Islands, and a transition from reactive to preventative maintenance practices. The audit also pointed out deficiencies in BPL's…
