Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Thursday, March 26
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Utilities»Gov’t to review legislative framework governing utilities
    Utilities

    Gov’t to review legislative framework governing utilities

    August 6, 20242 Mins Read


    THE Government says it will shortly commence a review of the legislative framework governing the delivery and regulation of utilities.

    According to Prime Minister Andrew Holness this is to ensure customers are protected, particularly during periods of emergency.

    The announcement comes against the background of the pace of electricity restoration by Jamaica Public Service (JPS) in several communities in the aftermath of Hurricane Beryl.

    Reports surfacing indicate that several communities remain without power just over a month since the system’s passage.

    Addressing Monday’s launch of the Rebuild Jamaica Initiative at Ministry of Labour and Social Security in downtown Kingston, Holness expressed dissatisfaction with electricity restoration efforts in some communities since the Category 4 system impacted the island on July 3.

    “I have tried not to speak too much on this matter because JPS is a private company. They do, however, perform an indispensable and most important public function which is regulated under law by an independent utilities regulator — which, essentially, takes the Government out of the regulatory space.

    “But, it does not take away the legislative authority of the Government, and what we are seeing in terms of the return of electricity to some areas of the country, it is not being done in a way for which the Government is satisfied,” Holness stated.

    Consequently, he said, “It does cause me to take a second look at the legislative framework which governs this new space of how utilities are delivered and regulated.”

    Added Holness: “It would appear to me that there needs to be a tighter regulation; and it falls on the legislators, now, to start to look at the instruments that govern how the utility operates and how the utility operator operates.”

    Under the Rebuild Jamaica Initiative, Jamaicans whose homes were destroyed during the hurricane’s passage will receive relief grants from the Government.

    Persons whose houses were destroyed will receive a grant of up to $400,000, those whose homes were severely damaged will receive up to $150,000, while those experiencing minor damage will receive up to $50,000.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleHow to trade WTI crude oil amid US recession, Iran-Israel war concerns? | Commodities
    Next Article UK housing market optimism boosted by interest rate cut

    Related Posts

    Utilities

    United Utilities appoints Cheshire wastewater lead

    March 25, 2026
    Utilities

    Utilities Slide as Treasury Yields Test Highs — Utilities Roundup

    March 20, 2026
    Utilities

    Utilities Down as Treasury Yields Rise – Utilities Roundup

    March 19, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Investing

    Value investing vs. growth investing: Which is better in today’s market? | Magazine-websites

    October 10, 2024
    Finance

    What might the “AI-fueled finance department of tomorrow” look like?

    September 23, 2025
    Commodities

    Best Commodities to Invest and Trade in for 2026

    February 25, 2026
    What's Hot

    Prédiction des prix Bitcoin: BTC atteindra-t-il 120 000 $ en juillet? Eth peut-il enfin rattraper son retard?

    July 3, 2025

    Bitcoin Ticks Higher as Markets Weigh Trump Address

    February 25, 2026

    Bitcoin Price Watch: Stands de marché à 104 000 $ – quelle est la prochaine étape?

    June 1, 2025
    Most Popular

    Bitcoin Dev propose l’excommunication pour OP_return ‘Garbageman’

    June 14, 2025

    Treasury Secretary Issues September Fed Prediction After Surprise U.S. Bitcoin Reveal Triggered Wild Price Swings

    August 16, 2025

    Futures Point to Higher Open Ahead of Nvidia Earnings

    February 25, 2026
    Editor's Picks

    US–China trade breakthrough to impact global markets for Monday’s open?

    October 26, 2025

    Bitcoin Drops To 3-Week Low, Will $22B Options Expiry Help?

    September 25, 2025

    How Whale Decisions Could Threaten Market Stability

    August 20, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.