ELECTRICITY prices are likely to rise by at least 25 per cent next year, the JEC have warned. And Jersey Gas have announced that their prices will increase by up to 20 per cent next month.
The announcements add to the misery for consumers who were hit with a 5.6% inflation rate this week on top of an already expensive year with the introduction of GST, rising food costs and soaring petrol charges.
Jersey Gas and Kosangas yesterday said that from next month the tariffs and standing charges would increase by five per cent, and the price of gas per unit would increase to 2.13p. This makes an overall increase of between 15 per cent and 20 per cent.
And from 1 January next year, the Jersey Electricity Company will increase prices by at least 25 per cent — or even higher if global energy prices continue to rise. The price hikes mean that the average Islander will be paying between £15 and £20 per month extra in gas, and about £10 extra in electricity.
8 Article Comments
Why is the JEC raising prices? JEC’s costs have nothing to do with oil prices - all their imported electricity is Nuclear…
In reply to Brian’s question:
The reason is that the darling Frenchies are taking the opportunity to make a few bob, because there is not likely to be any fossil fuel generator who can undercut them.
captive market economics at its finest
I thought that the JEC bought their electricity from France which as we know is derived from nuclear power, so why the big increase? I have spoken to people who live in France and guess what? no increase whatsoever. No surprise anyway this is rip of jersey.
Wasn’t Jersey a much nicer place before we became Anglicised and lost so many of our darling Frenchie customs.If you look beyond your nose you will realise that a rise in one source of power will generate a rise in the others, excuse the pun if it was noticed.I applaud the French for their foresight in the early exploitation of nuclear power. How much would road fuel cost if only fossil fuels had been burned to generate electricity. Maybe that is why you can buy road fuel cheaper in darling France than you can in anglicised Jersey.
This stinks of all the signs from the last resession in the UK.
Before the slow down really bites businesses use it as an excuse to tidy up the closet as far as employees are concerned and put prices up.
Once up they never come down!
I would like to see a comment from the JEC why they are rising prices.
Oh and dont forget that all the utilities, Gas, Water and Electric are still owned by the States of Jersey!
What is the JCRA going to do about this?
Fellow contibutors may be interested to view EDF’s tariff for French subscribers:
http://www.edf-bleuciel.fr/accueil/j-ai-besoin-d-energies/electricite/les-tarifs-electricite-141626.html
You can see that most people pay 10.85 cents per unit. The standard domestic tariff in Jersey is 10.49 pence per unit, (about 20% more)
Thanks James
This shows that any rise is injust! EDF charge approx 8p per Kwh in France and wholesale prices are cheaper. JCRA should get involved now.