Doomed - $5000, JPS Hike!!!

Our fate has been sealed today, September 24, 2009, the average Jamaican has been plunged into further hardship. The Office of Utility Regulations (OUR), for weeks has had our fate in the palm of their hands, as the deliberated in giving the Jamaica Public Service (JPS) the hike the deviously conceived and presented in earnest. Today was D-day, as the OUR was to say whether or not it would be granting the JPS the hike they have been eagerly awaiting and once again the customer's worse fear was realized!

The OUR has granted the JPS an increase on the non-fuel charge of the electricity bill, though the increase is not the ridiculous 23 percent average JPS was asking for, it is still a significant increase. The JPS received a 13 3 percent average increase in non-fuel charge of their monthly bills, which is still a huge increase in these harsh economic times. This 13 3 percent average increase in the non-fuel part of the electricity bill, is further compounded by the ever increasing fuel-part of the bill, which increased even up to this month! I dread the thought of what my next light bill will look like, because even with my attempts of conservation, I still see a bill coming up to several thousands. JPS is sticking true to their motto, "Changing lives with our energy", because they are certainly making our lives harder and making us poorer!

To coincide with this hike in the electricity bill, or maybe just coincidence, the Bank of Jamaica (BoJ) has commenced the circulation of the new Jamaican Five Thousand Dollar note (JM$5000). This is just perfect timing with the OUR grant of an increase to JPS, as we certainly will be forking out much more money to pay our bills. No doubt this increase granted to JPS, will shortly start to trick down into other utility bills: telephone, cellphone, cable, water, etc and will even start to translate into other goods and services. At least when people go to pay their bills instead of forking out several Thousand Dollar bills (JM$1000), they will be forking out less paper with this new JM$5000 bill. Now we can cover more bills with less notes. that's they only good way of looking at it, if there is at all any good way to look at it!

This hike in electricity bill and the new JM$5000 note further highlights the plight of the average Jamaican people and gives a dim picture of the overall economic health... or ill-health of the country. Dark and gloomy days lay ahead, we can't stop it, we just have to learn how to survive as much as possible. With this in mind, and my current unemployed status, I now have to reevaluate my energy conservation and see where can further cut back on my energy consumption to stay afloat in this turbulent economic stormy waters.

Source: http://go-jamaica.com/news/read_article.php?id=12847, http://go-jamaica.com/news/read_article.php?id=12851