The Jamaica Public Service Limited has filed for a 3% increase in their rates through a review application with the Office of Utilities Regulation, OUR.
In a statement today, the light and power company said the review is intended to recover costs related to investments in infrastructure, renewable energy support and new technology.
The rate review filing is done every 5 years, with the last review taking place in 2014.
The JPS says it’s seeking an average increase of 3.2% in overall monthly billing by early 2020.
The new rate would be pending regulatory review and approval.
JPS’ president and CEO, Emanuel DaRosa, says the company is investing in its infrastructure.
The JPS says it’s filing also speaks to Distributed Generation, the use of Electric Vehicles, and improved operational efficiencies to allow JPS to more effectively serve its customers.