The Jamaica Public Service Company Ltd. said the increase in fuel charges and a depreciating dollar will again cause the price of electricity to climb by about nine per cent this month.
The company, in a press release, said this means that customers will see an increase in the fuel and independent power producer charge on their bills at the end of February.
“The fuel and IPP charge that is being applied to February bills is $8.185 kilowatt-hour (kWh), compared with the charge of $8.655 applied to bills last month,” the light and power company informed.
It continued: “This increase, combined with the dramatic devaluation of the Jamaican dollar in the last few weeks will result in an overall increase of about nine per cent in the bill of the average residential customer using 200 kWh of electricity.”
An average customer can expect to pay a bill of approximately $3,912 this month, compared with $3,578 last month, the JPS said.
The fuel charge that appears on customers’ bills each month is determined by the cost of the fuel used the previous month.
The fuel rate on bills will therefore change from month to month, depending on changes in the actual cost of the oil the JPS purchases to produce the electricity used by customers.
The fuel and IPP charge is applied to each kilowatt-hour of electricity used by the customer.