JPS Annual Tariff Adjustment 2003

In January 2001 the Office of Utilities Regulation (“the Office”) completed its first evaluation of a tariff review application from Jamaica Public Service Company Limited (JPS) which became effective on February 1, 2001. The average non-fuel rates recommended by the Office and approved by the then Minister of Mining and Energy was 9.24 US¢/kWh. Under the rate schedule, JPS is allowed annual changes to its rates to reflect the impact of foreign and local inflation. The methodology for the annual rate adjustment is set out in the current rate schedule which is consistent with Schedule 3 of the All-Island Electricity Licence, 2001 (“the Licence”). This is the second annual Tariff adjustment under the current tariff regime.

Document Type: 
Determination Notices

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