JAMAICA Public Service Company (JPS) has applied for a rate adjustment that could result in a 0.42 per cent increase in light bills.
In its submission to the Office of Utilities Regulations (OUR), the light and power company suggested that it increase its non-fuel rates by an average of 2.09 per cent.
It also asked for an adjustment to the heat rate target that would result in a 1.55 per cent reduction in the fuel rate.
Given that the fuel component of the typical residential customer