Monday 24 September, 2018

JPS customers to see close to 2 per cent decrease in electricity bill

Jamaica Public Service (JPS) customers should see about a two per cent reduction in their electricity bills effective September 1, following a decision by the Office of Utilities Regulation (OUR).

JPS had asked that its 2017 annual non-fuel revenue target be set at $50.8 billion.

If JPS’ request was granted, it would have translated to an estimated average increase of 4.5 per cent on the non-fuel tariff across all rate classes, the OUR said in a release.

This would have seen the typical bill for residential and small commercial customers, that is, rates 10 and 20, increasing on average by about 2.8 per cent, the release stated.

The typical bill for large commercial customers, that is, rates 40 and 50, would have seen increases in the range of one to two per cent.

Following OUR's decision, there will be a 1.8 per cent overall reduction on the average customer’s bill.