When you open an account with JPS, we require you to pay a security deposit.
We require for Residential Customers a security deposit of $1,500 and for Business Customers a minimum security deposit of $6,000.
All deposits accrue interest annually, and you will see this interest in a separate line on your electricity bill.
Existing customers will not be required to update their security deposits unless the account is disconnected for delinquency, or if a system upgrade is requested.
Why do we require security deposits?
We normally use your deposit –( normally cash) – to secure your outstanding account balance. The amount of the deposit is based upon the type of electricity usage history at your address. We normally require them from customers who are:
- New to Jamaica Public Service Company.
- If your electricity service is disconnected for non-payment of bills you may be required to increase your deposit.