Jersey Electricity prices rise 2.9%

Electricity prices in Jersey are to rise for the first time in three years.

Jersey Electricity's rates are going up by 2.9% from 1 May.

The firm said it was below the rate of inflation and lower than last year's price increases in gas of 14%, and heating oil of 21%.

Chris Ambler, Jersey Electricity's chief executive, said the rise was necessary to ensure the company can invest in the future and cover the growing cost of imported power.

He said: "We hope that keeping our promise to continue our 2011 price freeze through the winter months this year has gone some way to alleviate pressure on family budgets in these difficult times."

Mr Ambler added: "We expect to see a net increase in our energy assets of £15m this year.

"In addition, work continues on our £60m third under-sea supply cable to France which we expect to be operational in 2015."

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