JPS residential customers to see reduction on October bills
The Jamaica Public Service Company (JPS) is reporting that residential customers will see a slight cut in their bills this month due to reduced fuel prices and an improvement in the foreign exchange rate.
JPS says customers will see an average reduction of 3.68%.
The company indicated that this month, the foreign exchange rate moved down from J$152.09 in September to J$147.24, while the fuel charge moved down from J$23.381 to J$21.967 per kilowatt hour (kWh).
The total cost per kWh of electricity stands at approximately US$0.32 on October bills, or about J$46.84, for residential customers, JPS noted.
Therefore, a customer who consistently uses 165 kWh per month will pay $7,728.73 this month, as against the $8,023.83 that was paid in September, for the same usage – a saving of $295.11.
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