Consolidated Water has received a new 25-year exclusive retail water license for its Grand Cayman operations through its subsidiary Cayman Water Company Limited. The license, granted by the Utility Regulation and Competition Office of the Cayman Islands, takes effect August 1, 2026, and preserves Cayman Water's exclusive right to produce, distribute, and sell potable water in its licensed service area, which includes Seven Mile Beach and West Bay. Under the new terms, customers will see an approximately 6.5% reduction in the cost of water per gallon due to lower base water rates and energy cost recovery charges. The company estimates that if the new rates had been applied historically, revenues would have been lower by about $2.1 million in 2024, $1.9 million in 2025, and $0.6 million in the first quarter of 2026. The license arrives as Grand Cayman experiences strong tourism momentum, with March 2026 setting an all-time monthly record of 64,213 stayover visitors and total visitation reaching 221,731, up 12.6% year over year.
Consolidated Water Co LtdSecured a new 25-year exclusive retail water license, ensuring long-term operational certainty and market exclusivity in Grand Cayman.