JPS Ltd's Annual Tariff Adjustment - Determination Notice - June 2008

This is the fourth annual tariff adjustment under the current price cap control mechanism which was implemented on June 1, 2004 in compliance with Schedule 3, Section 4 of the All-Island Electricity Licence 2001 and the Jamaica Public Service Company Limited - Tariff Review for period 2004 - 2009 - Determination Notice (OUR Document Ele 2004/2.1). In that Tariff Determination, the Office set the average non-fuel rate at J$5.627/kWh. It also directed that the price cap be applied on a global basis. Specifically, the annual adjustment resulting from changes in the inflation offset index, including efficiency gains and changes in quality of service are to be applied to the tariff basket instead of the individual tariffs. JPS is allowed to adjust the tariffs for each rate class on such a basis that the weighted average increase of the tariff basket does not exceed the price adjustment.

Sector: 
Electricity
Document Type: 
Determination Notices