JPS Ltd's Annual Tariff Adjustment - Determination Notice - May 2011 JPS Ltd's Annual Tariff Adjustment - Determination Notice - May 2011

Jamaica Public Service Company Limited (JPS) is regulated by the Office of Utilities Regulation (OUR) based on a price cap regime introduced through the JPS All-Island Electric Licence, 2001. 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. This is the second annual tariff adjustment to the June 01, 2009 - May 31, 2014 reset of the non-fuel base rates which came into effect on October 01, 2009.

Sector: 
Electricity
Document Type: 
Determination Notices