Consolidated Water’s Cayman retail utility secured a 25-year exclusive potable water license effective August 1, 2026, covering Seven Mile Beach and West Bay. The license lowers base water rates and energy recovery charges, delivering a 6.5% per-gallon cost reduction for customers under a modern annual rate-adjustment framework.
Consolidated Water’s Cayman retail utility will operate under the new 25-year exclusive license commencing August 1, 2026, granting the company sole rights to produce, distribute and sell potable water in Seven Mile Beach and West Bay service areas.
Under the license, lower base water rates and energy cost recovery charges will deliver a 6.5% reduction in per-gallon costs; annual base rate adjustments remain governed by a cap mechanism. Pro forma estimates suggest revenues would have been $2.1 million, $1.9 million and $0.6 million lower in 2024, 2025 and Q1 2026 respectively under the new rates.
Grand Cayman’s tourism surge—64,213 stayover visitors in March and 47,884 in April, a 12% year-over-year increase—drives retail water sales growth. Combined with forecasts of drier weather, management anticipates sustained demand for potable water throughout the remainder of the year.
