Electricity prices set to increase in 2025

Jersey Electricity said it was set to increase electricity prices for islanders by about £2 per week from January

Electricity prices in Jersey are set to rise by about £2 per week from January 2025, Jersey Electricity (JE) said.

JE has announced a 7.5% tariff increase in response to the wholesale energy market.

CEO Chris Ambler said the company remained "acutely aware of the rising costs of everyday essentials and the pressures on household budgets."

"While we understand increases in electricity prices are unwelcome, we have worked hard to shelter customers wherever possible, including continuing to challenge ourselves to drive further efficiencies," said Mr Ambler.

He added: "Jersey’s electricity prices will remain substantially lower than UK prices which will be around 50% higher than Jersey’s.

"The Isle of Man and Guernsey’s electricity prices will also be more than 30% higher than Jersey prices from January next year."

The company said the increase would come into effect from 1 January, adding about £2 per week to the average domestic electricity bill of £1,400 per year.

It said it had been able to "shelter customers from the worst effects of the challenging energy environment".