JPS CUSTOMERS TO SEE 0.5% INCREASE IN ELECTRICITY BILLS

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Residential customers of the Jamaica Public Service Company JPS, will see an increase in their electricity bills effective this month.

The increase follows the approval of tariffs by the Office of Utilities Regulation OUR.

The OUR says residential and small and medium business customers, will see an increase of less than 0.5 percent on their bills, while medium to large high volume consumption businesses, will see a .5 percent or less decrease in their bills.

This is inclusive of fuel and Independent Power Producers IPP charges.

In a release, the OUR confirmed that it gave JPS approval for a 2.8 percent average increase in non fuel tariff and a 0.4 percent average increase in the overall tariff, in response to JPS’ 2018 annual review and extraordinary rate review application.