The Office of Utilities Regulation is reviewing a tariff application submitted by Dairy Spring Limited, a private water supplier operating in St. Ann.
DSL, which primarily serves large commercial entities such as condominiums and shopping centers, is seeking a 100% increase in water rates to address financial and operational challenges.
The proposed rate adjustment aims to recover losses in earnings and offset increased operating costs. According to DSL, these challenges stem from a 33% increase in inflation and a 21.5?valuation of the Jamaican Dollar against the US Dollar.
Additional factors influencing the request include loan repayments, planned capital improvements, and efforts to enhance operational efficiency. The requested implementation date for the new rates is March 1, 2025, with DSL proposing a phased approach:
50% of the increase to take effect immediately upon approval.
The remaining 50% six months later to mitigate the financial impact on customers.
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