- Decrease due to improvements in the FX Rate and fall in Fuel Prices
October 13, 2021
JPS is pleased to announce that residential customers will see on average, a 3.68% reduction in bills this month which is due to reduced fuel prices and an improvement in the foreign exchange rate.
This month, the foreign exchange rate moved down from J$152.09 in September to J$147.24 while the fuel charge, moved down from J$23.381 to J$21.967 per kilowatt hour (kWh). The total cost per kWh of electricity, stands at approximately 32 US cents on October bills, or about J$46.84, for residential customers.
Therefore, a customer who consistently uses 165 kWh per month, will pay $7,728.73 this month, as against the $8,023.83 that was paid in September, for the same usage – a saving of $295.11.
The Company is also encouraging customers to continue practicing energy efficiency. Customers who need advice on practising energy efficiency may visit the Company’s website at https://www.jpsco.com/energy-saving-tips/.