Economics Csec Sba

2403 Words Dec 14th, 2012 10 Pages
AN INVESTIGATION INTO THE IMPACT OF THE MONOPOLY

“THE JAMAICA PUBLIC SERVICE LTD”

ON JAMAICA
THROUGHOUT THE YEAR 2011

Centre #: 100016
Candidate #: 1000161860
Jessica Dewar
Campion College
Economics SBA

An Investigation into the impact of the monopoly “Jamaica Public Service” on
Jamaica throughout the year 2011.

TABLE OF CONTENTS
TITLE PAGE

ACKNOWLEDGEMENT (i)
AIMS AND OBJECTIVES (ii)
METHODOLOGY EMPLOYED (iii)
DATA COLLECTION AND ANALYSIS 1
CONCLUSION 7
RECOMMENDATIONS 7
BIBLIOGRAPHY 8
APPENDICES 9

DATA COLLECTION
&
ANALYSIS

ACKNOWLEDGMENT

This project would not be made possible without the help of certain individuals and I would like to express my
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According to an article entitled “How does Jamaica source energy?” written by Patricia Bell and contributed to the website ‘eHow’ (Appendix 1), Jamaica is one of many nations that is largely dependent on energy produced by other nations and exports approximately seventy-five thousand barrel of oil per day.
The Jamaica Public Service (JPS) is a company devoted to relaying imported energy to the island. JPS, founded in 1923, has been and still is the monopoly distributor of electric energy in Jamaica.
In relation to ‘Legal battle to break JPS Monopoly begins’ an article written by Paul Henry for the Jamaica Observer on September 11, 2011 the firm was granted a license by the acting Minister of Mining and Energy Bobby Pickersgill in 2001. Relative to the article entitled “Jamaica Public Service Company Limited Standard Offer Contract for the Purchase of As-Available Intermittent Energy from Renewable Energy Facilities up to 100kW”, the main purpose of ‘the License’ is to “establish the framework for the planning and implementation of incremental additions of generation capacity to the national electric grid”, which is permitting JPS to provide the entire Jamaica with electric energy. In Appendix 4 earlier cited, a lawsuit conducted by displeased customers is currently in progress to seek specific

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