11 February 2022 The Utilities Regulation and Competition Authority (URCA) has today issued its Fee Schedule 2022. The new Fee Schedule includes fees payable in 2022 related to URCA’s regulation of both the Electronic Communication Sector (ECS) and Electricity Sector (ES). The Fee Schedule established the revised URCA fee for 2022, which is based on URCA’s draft Budget for 2022 published on 20 December 2021. Based on URCA’s Budget 2022 calculations, the ECS URCA Fee is set at 1.068% of the relevant turnover, while the ES URCA Fee is set at .4921% of relevant turnover. Publication of the fee schedule…
The Utilities Regulation and Competition Authority (“URCA”) is pleased to publish its Draft Annual Plan and Budget for 2022 (URCA/2022). This document outlines: A brief review of URCA’s achievements in 2021:URCA’s focus areas and key priorities for 2022;URCA’s key projects for 2022, 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; andURCA’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 other interested parties on…
NASSAU, THE BAHAMAS (01 October 2021) The Utilities Regulation and Competition Authority (URCA) announced that it has finalized the Alternative Dispute Resolution (ADR) Scheme for the Electricity Sector (ES). The ADR Scheme applies specifically to licensees who have been issued a Public Electricity Supplier License (“PESL”), Authorised Public Electricity Supplier License (“APESL”), or Independent Power Producer License (“IPPL”). In accordance with the Electricity Act, 2015 (EA), URCA is mandated to establish an ADR scheme to resolve disputes between licensees and independent power producers. Through various drafts and consultation, the Regulator is pleased to publish the ADR Scheme for use. As…
