Electricity prices to rise by 2.5% after winter

Jersey Electricity said its increases would add about £60 per year for a "typical all-electric home"

Electricity prices are due to rise by 2.5% in Jersey from March 2026.

Jersey Electricity (JE) said the tariff increase would add about £60 per year, or just over £1 a week, for a typical all-electric home.

The latest rise, which follows a 7.5% increase in 2024, was below inflation and the general cost of living, said the utility.

JE said the increase was needed to help fund the "largest-ever" investment programme to ensure electricity supply met the island's futures demands.

JE chief executive Chris Ambler said the company understood "any increase in household costs" was unwelcome and it had therefore been increased at a slower rate.

"Encouragingly, we're starting to see signs of greater stability in international energy markets which has helped us keep this adjustment below inflation," he said.

"We've also been able to hold off bringing this 2.5% increase into effect until March 2026 so customers can be assured it won't affect their bills over the colder winter months when consumption is higher."

He said the firm's prices would remain "amongst the lowest in Europe and the Channel Islands".

"As we deliver the most significant electricity infrastructure upgrades the island has seen in a generation, we have been able to maintain a below cost of living increase as a result of our solid pricing strategy and ongoing operational and capital efficiencies," he said.

"We remain committed to delivering clean, secure and affordable electricity, while investing in the infrastructure our island needs for the future."