We'll be paying 3.5% more for our electricity from next month.
Jersey Electricity has announced the price rise, saying it is only the second in 5 years and is below inflation.
It will add around 65p a week to the average domestic bill.
CEO Chris Ambler says the increase is inevitable 'because of the fall in foreign exchange rates and other inflationary pressures'.
"We import 95% of Jersey's electricity and our supply agreement with EDF in France combines a fixed price component with the ability to hedge our purchasing over a rolling three-year period. These hedging arrangements have sheltered our customers greatly in recent years, but the sustained weakness in Sterling relative to the Euro eventually flows through into our costs."
Water bills are also rising on 1st April. Jersey Water announced a tariff increase in January.
Jersey Post increase the number of collections from Amazon depots
Aurigny promises 'much better' Jersey-Guernsey service
Jersey bird owners now required to register their pets and livestock
Guernsey investor buys large Jersey hospitality group
Children's charity to donate 10,000 books in 2026
Various reasons given for delays in Amazon's Jersey deliveries
Storm Goretti clean-up expected to take weeks
Aurigny gets monopoly on Guernsey's lifeline airlinks as Loganair is denied permits
Comments
Add a comment