JPS applies for rate hike

jps_applies_for_rate_hike.jpg /

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. 

Headlines Delivered to Your Inbox Sign up for The Gleaner’s morning and evening newsletters.
LINK ORIGINAL: Jamaica Gleaner