JPS bills to go down 8.4 per cent for November
The Jamaica Public Service Company (JPS) says light bills for the month of November will be going down as world oil prices continue to dip.
According to the JPS, a typical residential customer will see a decrease of approximately 8.4 per cent on the November bill compared to the October bill.
The light and power company says the cut in the cost of oil is reflected in the fuel and Independent Power Provider (IPP) charge on customers’ bills.
The fuel and IPP charge on November bills is $23.36 per kilowatt-hour (kWh), compared to $26.81 per kWh last month.
The Fuel & IPP charge on electricity bills changes each month, depending mainly on the cost of the oil that JPS and the other power generating companies buy to produce electricity.
This charge makes up more than 60 per cent of customers’ electricity bills each month.
Despite the drop in the fuel charge on bills, the JPS is encouraging customers to continue their conservation efforts, as the final bill amount will depend on how much electricity is used.
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