Two per cent drop in JPS bills this month
JAMAICA PUBLIC Service Company (JPS) customers will see a two per cent reduction in their December bills when compared with the rate charged last month, according to the light and power company. This follows an eight per cent reduction in last month's bill.
This month, the JPS said it would again pass on lower fuel costs to customers as a result of continuing decreases in the cost of the oil used to generate electricity. The drop in the cost of oil is reflected in the Fuel & IPP Charge on customers' bills.
The Fuel & IPP Charge on electricity bills has seen a 16 per cent reduction in the last three months, moving from $26.881 per kilowatt-hour on September bills to $22.514 per kWh on December bills. This charge makes up more than 60 per cent of customers' electricity bills and changes from one month to the next, depending on how much the JPS pays Petrojam for the oil used to produce electricity.
The fuel rate that appears on bills each month is based on the cost of the fuel used to generate electricity in the previous month. The Fuel & IPP Charge on December bills is, therefore, based on what the JPS paid for the oil used to generate electricity in November.
Despite the drop in the fuel charge on bills, the JPS is encouraging customers to continue their conservation efforts.