JPS to appeal OUR rate determination
The Jamaica Public Service Company has filed an appeal against the recent rate determination by the Office of Utilities Regulations (OUR).
Today was the last day for the JPS to file the appeal.
The JPS had sought a 21 per cent increase in rates, however, the OUR denied the request and instead ordered the company to reduce rates by about 1 per cent.
The regulator also denied a request from the JPS to charge 15 per cent interest on outstanding debt by commercial customers.
The light and power company complained that the OUR’s decision will affect its ability to carry out projects aimed at modernizing its plants and saving energy.
The JPS had been meeting with the OUR to get the regulator to change its position.
But at a press conference this morning, JPS President and Chief Executive Officer, Kelly Tomblin, said the company is now of the view that it is in the best interest of Jamaica to have an objective, independent body review the matter.
Tomblin would not go into details regarding the grounds of appeal, but said there are specific regulatory principles which the JPS believes should be reviewed.
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