Pursuant to provisions of Schedule 3 of the Electricity Licence, 2016 (Licence), the Office of Utilities Regulation (Office/OUR) is required to publish a Final Criteria outlining the targets, principles and methodologies to be applied by the Office concerning certain tariff components in the 2019 – 2024 Rate Review process.
The Office after public consultation published the Final Criteria- Jamaica Public Service Company Limited 2019 – 2024 Rate Review Process (Document No. 2019/ELE/003/RUL.001) on 2019 March 14 (Final Criteria). In a response, representatives of the Jamaica Public Service Company Limited (JPS) met with a team from the OUR on 2019 April 4 and outlined in a PowerPoint presentation a number of concerns the company still had with aspects of the Final Criteria. JPS followed up this presentation with a letter dated 2019 April 8, in which it formally requested the Office to reconsider the issues raised in the PowerPoint presentation. The specific concerns raised by JPS are set out and addressed in details in Table 3.1 below. On further consideration of the matters raised by JPS, the Office considers it necessary to issue this Addendum to the Final Criteria. The Addendum:
1) Clarifies aspects of the Final Criteria deemed to be unclear in the original publication;
2) Corrects the errors in the Final Criteria; and
3) Addresses the issues raised by JPS in its response to the Final Criteria.
