Private water and sewerage provider, Dynamic Environmental Management Limited (DEML) has been successful in its application to Office of Utilities Regulation (OUR) for an adjustment in the tariff charged for its services.
The OUR has approved a tariff increase of 8.392% for an Annual Price Adjustment Mechanism (ANPAM), which the company applied for on September 18 this year.
The ANPAM is applied to customers’ bills on a monthly basis.
DEML supplies water and sewerage services to residents in the gated communities of Caribbean Estates, Morris Meadows, Portmore Country Club, and Vineyards Estate—all located in the parish of St Catherine.
In a news release yesterday, the utility regulator reported that “the approved rate increase was applied to DEML’s base rates for the provision of water and sewerage services at the end of September this year.”
The new rate will be reflected on customers’ October bills. The OUR states that its approval of the tariff increase was “granted on the basis that DEML has no control over the three indices in the Price Adjustment Mechanism (PAM) used to reflect changes in costs.“
The three indices are the Consumer Price Index, the Jamaican dollar exchange rate relative to the US Dollar and electricity prices. The new base indices for DEML’s ANPAM are as follows:
- Consumer Price Index: 105.90
- Foreign Exchange Rate: J$150.08 to US$1.00
- Electricity Charge: J$50.27/kWh
The OUR says the values ascribed to these three base indices will remain in effect until the next reset of the ANPAM in September next year.