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OUR To Review JPS and NWC s 15yo Guaranteed Standards for Possible Lower Rates

The Office of Utilities and Regulations is moving forward with a plan, to do a total review of the Guaranteed Standards that are currently in place for the Jamaica Public Service, and National Water Commission companies. According to Collette Goode, the Guaranteed standards for both companies have been in place for over 15 years, and are at the point where they need dire review. Guaranteed Standard reviews are somewhat of a commonplace for the OUR, as it helps them to decide on new rates that might be more feasible to customers, and the current one set for JPS and the NWC will deal with certain important factors, that will play a big part in the future of the companies in Jamaica.

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