Energy Regulatory Analyst

The Utility Regulation and Competition Office (“URCO” or “Office”) is the independent multi sector regulatory body with responsibility for information and communications technology, energy and electricity, water and fuels. The Office maintains regulatory oversight for all utility providers in the Cayman Islands. The Office is mandated to protect consumers and critical national infrastructure and ensure fair competition in all regulated sectors. The Office also promotes innovation, investment, and development in these sectors. The Office ensures compliance by administering penalties and fines as specified by the Utility Regulation and Competition Act (URCA) and the various sector acts and regulations. Supports the Head of Energy Regulatory Compliance (HERC) in monitoring and analysing the energy sector's economic and commercial operations performance to support policy, strategic and tactical decisions relating to the energy sector. The post holder is responsible for collecting and assembling data required under the Utility Regulation and Competition Act. It involves applying various analytical tools and techniques to provide the HERC with statistical, economic, and summary financial reports, along with recommendations that align with the mandate of the Office for the Energy sector. The Energy Regulatory Analyst is also expected to compare regional and global trends in the Energy industry and perform policy evaluation and analyses to support the Office Policy. This role demands exceptional confidentiality in managing commercially sensitive and sector-specific information.

Key areas of accountability include, but are not limited to

• Analyse and report on monthly, quarterly, and annual financial and statistical reports received from licensees.
• Analyse the cost flow in the fuel sector supply chain, and review and report on the fuel factor returns from licensees.
• Assist in analysing the tracking of fuel hedging programs.
• Assist in collecting and analysing data on pricing information and market operations for regional and other relevant extra-regional jurisdictions for comparison to the Cayman Islands. Emphasis to be placed on the diverse regulatory mechanisms of the jurisdictions.
• Assist in analysing statistical reports received from licensees, and how these comply with performance standards.
• Review and report on the financial effect of changes to the per kWh charges on electricity billings.
• Review and report on the submissions from the licensees regarding changes to billing rates.
• Make recommendations for improvement in monitoring and oversight of the Energy sector's economic performance
• Prepare Board papers on energy-related matters for submission to the Board of Directors through the HERC
• Analyse, monitor and evaluate the technical and operational performance of the Electricity Sector, and assess whether the regulated entities comply with the conditions set out in their licenses and relevant legislation
• Provides Technical advice and support on negotiation and recommendations for power purchase agreements.
• Represent the Office at conferences and public consultations, participate in technical working groups in nationally significant projects in the Energy sector and help guide policymakers in decision-making.
• Stay updated on new developments in renewable energy and guide the regulatory implementation of these technologies' impact in the Cayman Islands.
• Assist with researching the impact of varying price models and regulatory regimes on end prices.
• Measure and track key indicators related to the energy sector and the individual entities. This includes but is not limited to margin analysis, profitability, inventory management, stock turnover, asset utilisation, investment pipeline, and pricing mechanisms and structures.
• Additionally, analyse the economic performance of utility versus non-utility fuel streams, as well as the impacts of both fuel and non-fuel revenues. Key indicators include return on capital employed (ROCE) and return on investment (ROI). Also, consider other established or customised measures and indicators of market efficiency, competitiveness, and reliability.

Qualifications and Experience

• Bachelor’s degree in economics, Finance, Engineering, Energy Studies, or a related discipline.
• Relevant postgraduate qualification in Energy Economics, Regulatory Policy, Finance, or a related field is desirable but not required.
• Professional certification or training in financial analysis, regulatory economics, or energy systems is an advantage.
• Minimum of three (3) years’ relevant experience in regulatory analysis, utility operations, energy markets, financial analysis, or a related technical field.
• Demonstrated experience analysing complex financial, economic, or operational datasets to support regulatory, policy, or commercial decision-making.
• Experience in energy sector regulation, including tariff analysis, cost modelling, or performance monitoring of regulated entities, is highly desirable.
• Be committed to protecting the legitimate interests of consumers.
• Working knowledge of economic regulation principles, including tariff setting methodologies, cost recovery mechanisms, and market oversight frameworks relevant to utility operations.
• Sound knowledge of energy markets, including market structures, pricing mechanisms, and regulatory frameworks. In-depth understanding of energy regulations and policies, and familiarity with regulatory bodies and processes.
• Understanding the government and business operations in the Cayman Islands is desirable.
• Familiarity with renewable energy technologies, energy transition trends, and their regulatory implications is desirable.
• Be proficient in the use of standard business and productivity tools and applications such as, Microsoft Office.
• Have the emotional maturity to be politically, socially, culturally sensitive, and highly confidential.
• Have the ability to remain politically neutral in work and be able to serve the Government of the day

How to apply All applications must include the following: (1) a cover letter, (2) curriculum vitae, (3) application form, (4) two professional character references. Incomplete applications, including those missing required supporting documents, will not be considered. A detailed job description, application form and application notes are available online at: www.ofreg.ky/job-opportunities A resume, application form and cover letter should be sent to: https://ofreg.bamboohr.com/jobs Please submit application form together with your resume as one (1) PDF. Preference will be given to suitably qualified and experienced Caymanians or legal residents. Application Closing Date: Friday July 17th, 2026