The Jamaica Public Service Company, JPS, has increased the cost of its security deposit for persons opening new accounts.
The increase which becomes effective today will see residential customers paying 5-thousand dollars to open a new account, up from 1-thousand-5-hundred dollars.
Business customers will now pay 10-thousand dollars.
Corporate Communications Officer at the JPS, Ruthlyn Johnson says the increase was necessary to align the security deposits of customers with the amounts they pay for their bills.
Ms. Johnson says existing customers will not be required to update their security deposits unless the account is deactivated or the service disconnected.
Ruthlyn Johnson, Corporate Communications Officer at the JPS speaking with Nationwide News.
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