Jamaica Public Service Annual Tariff Adjustment - June 2012

Jamaica Public Service Company Limited (“JPS”) is regulated by the Office of Utilities Regulation (“OUR”) based on a price cap regime introduced through the Amended and Restated All-Island Electric Licence, 2011 (the “Licence”). Under the price cap regime the non-fuel base rates are set once every five (5) years. This regime allows for the non-fuel base rates to be adjusted annually by a component to incorporate a Performance Based Rate-making Mechanism (PBRM). A monthly adjustment is also allowed to account for movements in the monetary exchange rate between the United States dollar and the Jamaican dollar.

Sector: 
Electricity
Document Type: 
Determination Notices