URCA Issues 2019 Fee Schedule

The Utilities Regulation and Competition Authority (URCA) has today issued its Fee Schedule 2019.

The new Fee Schedule includes fees payable in 2019 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 2019, which is based on URCA’s draft Budget for 2018 published on 20 December 2018 (URCA 08/2018). Based on URCA Budget 2019 calculations, the ECS URCA Fee is set at 1.083% of relevant turnover, while the ES URCA Fee is set at .3902% of relevant turnover.

Publication of the fee schedule is in accordance with section 8(1)(e) of the Communications Act, 2009. Interested persons may view the schedule on URCA’s website at https://urcabahamas.bs/publications/urca-01-2019-urca-fee-schedule-2019// or pick up a copy from URCA’s office in Frederick House on Frederick Street, New Providence.

Invoices will be issued to licensees in the usual manner.