Jersey Electricity will raise its electricity tariffs by 2.5% from March 2027, the company has announced. For a typical all-electric home, the increase amounts to just over £1 a week.
The company set the rise below the island’s current rate of inflation, which stood at 3% in September according to the latest figures.
Chief executive Chris Ambler said: “We know that any increase in household costs is unwelcome, so we have worked hard to keep this rise below the island’s current rate of inflation.”
Ambler added that the timing of the change had been pushed back again: “We have again delayed the increase until March, which means it will not affect customers during the colder winter months when electricity consumption is generally at its highest.”
Jersey Electricity said it is investing £120m in its network to improve resilience and future-proof its systems. The company said it continues to focus on managing costs responsibly and on driving efficiencies across the business.
The new tariff will apply from March 2027, meaning customers will pay the existing rates through the winter period before the higher prices take effect.