Opposition’s Earlier Call for Fuel Relief Reinforced as Electricity Costs Rise Again

The Office of the Leader of the Opposition is calling on the Government to explain what action, if any, it took to protect Caymanian families and businesses from the latest increase in electricity costs, at a time when many households are already struggling with the rising cost of living. The increase comes alongside higher Water Authority rates, creating yet another financial burden for families and businesses already facing mounting household expenses.

Leader of the Opposition, Hon. Joey Hew, said that while the volatility in global fuel prices is largely driven by international events beyond Cayman’s control, the Government has a responsibility to use every available policy tool to lessen the impact on consumers.

It is a fair and reasonable question to ask whether the Government urged Caribbean Utilities Company to delay implementing this increase until after the summer months, when many families are already dealing with higher household expenses and preparing children for the new school year. If those discussions took place, the public deserves to know. If they did not, the Government should explain why.

He noted that Opposition MP Hon. Roy McTaggart brought forward a Private Member’s Motion during the April meeting of Parliament calling for Government to waive import duty on fuel when global prices rise sharply, providing direct relief to consumers facing higher fuel and electricity costs.

On the eve of the parliamentary debate, the Government announced a reduction in import duty on fuel, a step that reflected the very objective Mr. McTaggart had been advocating.

“We welcomed the Government’s decision to reduce import duty on fuel because it acknowledged the need for action and provided some measure of relief for consumers. That is exactly the kind of practical response the Opposition had been calling for.”

However, today’s electricity increase demonstrates that one measure alone is not enough. With higher electricity charges now taking effect alongside increased Water Authority rates, families and businesses are being hit from two directions at the very same time. Government cannot afford to be reactive. It must continue to examine every available policy option to protect Caymanian families and businesses from the effects of volatile global fuel prices and rising utility costs.

The Opposition Leader said Cayman cannot continue to react to every global fuel shock without a clear strategy to protect consumers and strengthen the country’s energy future.

“Families and businesses cannot continue to absorb one increase after another without seeing meaningful action. The reality is that many are now facing higher electricity bills at the same time as increased water rates, creating an added financial strain for households already under pressure. Caymanians deserve more than explanations after the fact; they deserve a government that anticipates these challenges, acts early to lessen their impact, and pursues long-term policies that deliver more affordable and reliable electricity.”

We will continue to support practical measures that provide immediate relief while advancing the long-term goal of reducing our dependence on imported fuel and making energy more affordable for everyone.