Cayman Islands: Government announces multi-million dollar relief package to aid with rising cost of electricity

The government in the Cayman Islands has announced a multi-million dollar relief package to help cover the rising cost of electricity for residents.

The Cayman Compass said the air programme could see the government paying as much as $100 towards the electricity bills of the majority of households across the three islands for the next three months.

Premier Wayne Panton announced the plan Friday amid growing concern over what the Caribbean Utilities Company has described as an unprecedented rise in the price of fuel. 

The full cost of the programme to government coffers remains unclear, but the premier previously indicated in parliament that around $5 million would be set aside to support families with power bills in the summer months.