Jersey and Guernsey sign new 10-year electricity deal

Jersey and Guernsey Electricity sign 10 year deal with EDF

Jersey Electricity has signed a new 10-year deal with Electricite de France (EDF) worth 1bn euros (£900m).

The deal, also signed by Guernsey Electricity, guarantees low-carbon electricity for both islands up to 2023.

It is the second long-term deal with France's main electricity supplier.

The deal allows Jersey and Guernsey Electricity to forward buy power for the islands and is expected to bring new tariff options.

Jersey Electricity CEO Chris Ambler said: "The signing of this agreement is of immense significance in helping us achieve our primary objective of maintaining reliable and affordable supplies of electricity for our customers well into the future.

"This agreement also further demonstrates how Jersey Electricity and Guernsey Electricity successfully work together as Channel Islands Electricity Grid partners for the benefit of both islands."