The Jamaica Public Service (JPS) has noted that customers will see an average increase of about 7.43 per cent on their electricity bill this month.
Reportedly, this is as a result of the devaluation of the Jamaican dollar against the US dollar.
Therefore, the average customer who consistently uses 165 kwh per month will pay about $483 dollars more on their bill this month, while others who use more energy will pay a higher bill.
In a press release posted to its website, JPS noted that the Billing Exchange Rate on bills this month is J$142.95 to US$1, when compared to last month when the rate was J$135.39 US$1.
The release stated that “this is a direct result of the fall in the value of the Jamaican Dollar in the past month,” and explained that most of the material needed for electricity generation and distribution is bought using the US currency, and so, any movement (positive or negative) in the value of the Jamaica dollar impacts electricity cost.
The increase will affect both residential and commercial customers.