JPS wants rate increase
The Jamaica Public Service has applied to the Office of Utilities Regulation (OUR) for a rate increase.
If the OUR fully accepts the JPS' proposal, it will mean that light bill would rise by approximately 2.8 per cent for the typical residential and small commercial customer.
The JPS applied for an adjustment in rates on May 5. The OUR is expected to respond to the claim from the light and power company by August 4, 2017.
In its submission, which includes a request for an extraordinary rate review, the JPS has requested that its 2017 annual non-fuel revenue target be set at $50.8 billion.