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JPS announces five US-cent reduction in electricity cost

Published:Friday | November 14, 2014 | 11:13 PM

The Jamaica Public Service Company is reporting a reduction in the cost of electricity.



A kilowatt hour now costs 33 US cents, down five cents from earlier this year when oil prices were higher.



According to the company the reduction in overall energy cost is due mainly to the drop in world oil prices, which directly impacts the cost of the fuel used to generate electricity.



JPS President & CEO, Kelly Tomblin says the price reduction is good for customers and the country.



The JPS boss says the company has been investing in ongoing maintenance and upgrading of its power plants to ensure that aging units operate as efficiently as possible.



She says this has resulted in the JPS using less oil to generate each kilowatt-hour of electricity



JPS earlier this week announced that customers would be seeing a reduction of more than eight per cent in their November bills, compared to the bills they received in October, as a result of the lower fuel costs being passed on to customers.



However, despite the drop in the Fuel Charge on bills, the JPS CEO is encouraging customers to conserve, as the final bill amount will depend on how much electricity is used.



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