This is a tariff increase of 6.8% for a timeframe of three years, commencing on 1 July 2019.
This rise will enable Guernsey Electricity to recover uncontrollable costs incurred over the last two years, created by increases in external costs to import electricity and generate on-island. The increase is associated with historic changes in the price of commodities and foreign exchange rates and does not recover other operating costs which have also increased. This will be the first change in electricity tariffs since 2012.
This increase equates to approximately an additional £70 per year for an average Economy 12 customer.
We would encourage any customers with concerns about the increase to contact our customer accounts team.
This increase is unrelated to the capital project to replace the electricity cable between Guernsey and Jersey following its failure in October 2018.