Jersey Electricity has announced a 2.5% increase in electricity bills, effective from March 2027. This change will result in an average increase of just over £1 per week for typical all-electric households. The decision comes as the annual inflation rate in Jersey reached 3% in September.
The company has emphasized its efforts to keep the increase below the current inflation rate and has delayed the rise until March to avoid impacting customers during the winter months. Jersey Electricity is also investing £120 million to enhance its network resilience.