Despite ongoing geopolitical uncertainty affecting energy markets and a significant programme of investment, the increase remains below Jersey’s latest RPI figure of 3%.
The 2.5% increase will add just over £1 per week for a typical all-electric home using around 10,000 units of electricity a year* and will take effect after the winter period on 1 March 2027.
JE continues to focus on managing costs responsibly and driving efficiencies across the business, and this is particularly important given the cost-of-living pressures facing customers.
Through its partnership with EDF and a prudent hedging strategy, JE has helped shield Islanders from much of the volatility seen in international energy markets.
JE is currently delivering its £120 million Big Upgrade – the largest programme of network investment in the Company’s history – to ensure the electricity system has the capacity and resilience to meet Jersey’s future needs.
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. 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.
“We are acutely aware of the pressures many Islanders continue to face. Our responsibility is to manage the business prudently, find efficiencies wherever we can and keep prices as affordable as possible for customers, while making the long-term investments needed to ensure Jersey continues to benefit from a safe, reliable and future-ready electricity network.”
Jersey continues to benefit from competitively priced electricity. Independent benchmarking** shows Jersey’s domestic electricity prices remain below the UK average, with JE’s proposed 24.82p/kWh tariff approximately 17% lower than comparable UK domestic electricity prices and around 3% below the EU average.
Jersey Electricity continues to purchase the majority of the Island’s electricity from low-carbon nuclear and hydro sources in France, supported by local back-up generation and continued investment in on-Island resilience and renewable energy.
The Company has recently secured a new four-year electricity supply agreement with EDF, which will take effect from 1 January 2028. The new arrangements provide greater flexibility in how and when electricity is purchased, helping JE manage future energy costs as demand patterns change.
Mr Ambler added: “The new EDF agreement gives us further confidence in the long-term security of Jersey’s electricity supply and greater flexibility in how we manage future energy requirements. As Jersey becomes increasingly reliant on electricity, making the best use of both the energy we purchase and the network that delivers it will become increasingly important.
“Together with the investment we are making in the Island’s infrastructure, this puts us in a strong position to manage that change while continuing to provide customers with a secure and competitively priced electricity supply.”
Customers who have concerns about their electricity bills are encouraged to contact JE’s Customer Care team, which can provide advice and support.
*Consumption assumptions are based on a typical all-electric heating household in Jersey. Bill impacts are estimates and will vary depending on usage patterns and meter type.
** Mott MacDonald
