JPS appeals several OUR decisions in relation to annual reviews and extraordinary rate review
The Jamaica Public Service has appealed a number of the decisions made by the Office of Utilities regulation, OUR, in relation to the company’s annual review and extraordinary rate review 2022 determination notice.
The office of utilities regulation OUR revealed today, that it has been served a notice of the appeal.
Among other things, JPS has appealed the OUR’s treatment of the Independent Power Producers (IPP) cost in the system losses calculation, the regulatory definition of the foreign exchange surcharge, and the final assessment of the quality of service (q-factor) performance in 2021.
The appeal was filed with the electricity appeal tribunal, on September 19.
The JPS is requesting that the OUR’s decisions which are the subject of the appeal, be set aside and/or modified, as the tribunal deems fit.
This application represents the latest in a series of appeals by the JPS, of decisions issued by the OUR, which are pending tribunal review.
The appeal is done pursuant to provisions in the electricity licence, 2016.
The tribunal is established under the licence to receive appeals by JPS against decisions of the OUR.
JPS submitted its 2022 annual review and extraordinary rate review application to the OUR in May .
The application submission is in keeping with the provisions of the electricity licence, 2016, which allows for the realignment of the company’s revenue targets each year, against inflation and exchange rate movements, as well as its performance in the previous year.
The licence also provides for an extraordinary rate review in the event of any exceptional circumstances, that have a significant impact on the electricity sector and/or JPS that were not considered or known at the 5-year rate review two years ago.