A Cayman Bill Would Force the Power Company to Retender Its Fuel

Proposed legislation would let the regulator require Caribbean Utilities Company to competitively retender a fuel supply now split between two firms.

A bill before the Cayman Islands would let the utility regulator require the Caribbean Utilities Company to competitively retender its fuel supply, currently split about 60% to Rubis and 40% to Sol on roughly 40 million imperial gallons a year.

The Fuel Market Regulation Amendment Bill, brought by member of parliament Chris Saunders, goes to the heart of electricity pricing in one of the region's higher-cost power markets. Fuel is the single largest input into an island utility's bills, and who supplies it, and at what price, flows straight through to every household and business.

The read-across is regional. Many Caribbean islands run a single utility buying fuel from one or two suppliers on long-standing terms, and a move to force competitive tendering in Cayman will be watched by consumer advocates and regulators across the basin.

Source: the Cayman Compass (September 22, 2026), with a response from the regulator OfReg.