JPS Seeks Electricity Rate Increase
The Jamaica Public Service Company (JPS) is now seeking an increase in electricity rates, which, if approved, will result in the average residential and small business customer’s electricity bill increasing by 2.8 per cent.
The new rate structure would result in bills for larger customers being increased by between one and two per cent.
In the most recent rate review application, the JPS asks the Office of Utilities Commission (OUR) to set its non-fuel revenue target for the next 12 months at just under $51 billion.
While proposing an increase for the majority of its customers, the JPS has also asked the OUR to allow it to create a new rate class for its largest customers.
The new rate class, if approved, would see mega-size customers realising an average 21 per cent reduction in their bills.
The JPS hopes that reducing the rates for its biggest customers will deter them from going off the grid.
According to the JPS, if its biggest customers defect and set up their own off-grid power supply, the remaining JPS customers would be required to pay even higher electricity bills.
Remember to share this article on Facebook and other Social Media Platforms. To submit your own articles or to advertise with us please send us an EMAIL at: [email protected]
- 2018 FIFA World Cup Dream Still Alive For Jamaica’s Young Reggae Girlz - October 21, 2017
- Prolific Jamaican Striker Dane Kelly Earns Golden Boot Award In USL - October 20, 2017
- 91-Yr-Old Jamaican Man Killed, Wife Injured During Robbery In The US - October 19, 2017
- PM Gives Mount Salem ZOSO ‘B Plus’ Grade - October 19, 2017
- Several High Powered Weapons Seized at Newport West – JCF - October 18, 2017
- Reggae Boy Andre Blake Nominated For MLS Goalkeeper of the Year - October 18, 2017
- PM Declares Denham Town Second Zone of Special Operations - October 17, 2017
- Gunmen Kill Goat Farmer in St Elizabeth - October 17, 2017
- Sangster International Named Caribbean’s Leading Airport – World Travel Awards - October 15, 2017
- Jamaican Dollar Revalues Against US Greenback - October 14, 2017