JPS applies for rate hike

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Entornointeligente.com /

The Jamaica Public Service Company (JPS) has applied to the Office of Utilities Regulator (OUR) for a rate increase.

The company has also applied for an extraordinary rate review.  

The JPS has indicated that without the extraordinary rate adjustment, customers would see a 1.6% average increase in their bills.  But if the two requests are approved, there would be an average 1.7% hike in bills, according to the OUR. 

The regulator says it will review the applications and make a decision by August.

JPS’ 2022 annual tariff adjustment application is in keeping with provisions of the 2016 electricity licence, the OUR said in its statement this evening. 

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LINK ORIGINAL: Jamaica Gleaner

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