JPS exploring AI data centres and shore power as growth options amidst slowing electricity sales

The Jamaica Public Service Company (JPS) has stressed the importance of a growth strategy to expand its sustainability, amidst a significant slowdown in electricity sales.

Late last year, the Office of Utilities Regulation (OUR) told a sitting of Parliament’s Public Administration and Appropriations Committee (PAAC) that JPS’ sales in megawatt-hours had slowed to about 1% from 2% in the last five years.

The OUR also noted the significant impact on JPS’ electricity sales, following the passage of Hurricane Beryl in July 2024.

Speaking during Tuesday’s meeting of the PAAC, Chairman Peter Bunting pointed to the OUR’s indications, noting that sales would have been further impacted by Hurricane Melissa last October and with more customers switching to solar energy.

He asked JPS President and Chief Executive Officer, Hugh Grant about the company’s way forward.

In response, Mr. Grant noted that JPS will have to seek growth opportunities in diverse industries such as those related to artificial intelligence (ai).

He also noted that JPS is exploring other options such as connecting ships to the onshore electrical grid while docked, allowing them to turn off their auxiliary diesel engines.

Mr. Grant added that opportunities could be possible if the nation’s transportation sector is electrified.