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JPS granted rate increase

Jamaica Public Service Company (JPS) customers will see an average 1.4 per cent increase in their electricity bills starting in October.
 
The Office of Utilities Regulation (OUR) on Tuesday announced that it granted the adjustment, which is below the 3.5 per cent increase the JPS was seeking.
 
The utilities regulator also determined that there is a net over-recovery balance of $297.1 million which the JPS owes its customers with respect to the decisions in the 2018 Annual & Extraordinary Rate Review Determination Notice.
 
The JPS is therefore required to apply a reduction of $0.11 per kilowatt hour to its average non-fuel tariff over an estimated 10-month billing period to effect this repayment.            
 
The JPS submitted its annual review application to the OUR in May.
 
        


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