First Look

JPS customers to see lower bills following tariff adjustment



Office of Utilities Regulation | 2012-06-12 14:49:00

The Office of Utilities Regulation (OUR) has completed its annual tariff review exercise for the JPS which will see customers paying less for power effective July 01, 2012.


The cost reduction comes as the OUR has maintained the system losses target at 17.5% for this period and reduced the heat rate target to 10,200 kJ/kW (kilojoules per kilowatt hour). The heat rate, which is down by 270kJ/kW, is a measure of the efficiency of the conversion of fuel to electricity.


The reduction of the heat rate target was achieved because of the addition of more efficient generation capacity to the grid. Consumers should therefore expect a potential decrease in excess of 1.4% of their total bill based on these targets implemented by the OUR.


The JPS Guaranteed Standards also came in for review during this tariff adjustment and among the changes made is an increase in the number of periods of liability for non-compliance. This means the company can now be held liable for a breach of the standards for up to six periods as against the previous four periods.
The full determination is available on the OUR’s website at www.our.org.jm

Please see Attached Pdf file below




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