OUR turns down JPS application for rate increase
The Office of Utilities Regulation (OUR) has rejected the Jamaica Public Service Company’s (JPS) 2019-24 tariff review application.
In a release yesterday, the OUR said it was turned down due to material deficiencies, including the absence of critical information and supporting documentation.
The OUR’s rejection of the application is pursuant to Schedule 3, paragraph 7 of the Electricity Licence, 2016, which states that, “If the office determines that the filing is deficient, it shall reject such filing within the said 10 working days and shall notify the licensee, clearly identifying the deficiencies”.
As a result of this decision, the public consultations on the JPS tariff proposal scheduled for August 20-September 4, have been postponed until further notice.
The JPS had applied for a rate review from the OUR on 2019 July 31.
Following the OUR’s preliminary assessment of the submission, it concluded that missing information would not allow for a comprehensive evaluation of the application. The inherent deficiencies identified in the application were communicated to the JPS yesterday.
The OUR said the JPS may resubmit its application when it has rectified the issues.