Customers are Enjoying the Lowest Electricity Rates in 5 Years: JPS Release
According to the Jamaica Public Service, its customers are currently enjoying the lowest rates for electricity since 2010 (25 cents per per kilowatt-hour (kWh).
A release by JPS stated, “The dramatic reduction in overall energy cost is due to lower fuel charges, as well as the improved efficiency of JPS’ generating units. Since last year, JPS customers have been benefiting from lower Fuel and IPP Charges on their bills, as a result of the reduction in the price of oil on the world market. The Fuel & IPP Charge on bills this month is J$14.670 per kilowatt-hour (kWh), compared to J$18.449 last month”.
This means a seven percent reduction in the April bill for the average residential customer, compared to his/her March bill. The Fuel & IPP Charge on bills is coming down from a high of $J28.828 / kWh in March last year when oil prices were at their highest for 2014.
JPS President & CEO, Kelly Tomblin, has welcomed the reduction in energy cost. “Our number one goal this year is to lower our customers’ energy bills. While we have little control over the trend in world oil prices, we do have control over our own operating costs. That’s why we continue to invest in our plants to improve their efficiency, and ultimately lower operating costs.
[…] Source: Jamaica Star […]