Jersey Electricity has secured an electricity supply agreement with EDF, providing continued access to secure, low-carbon electricity from France from 2028.
The four year agreement, which has been reached in partnership with Guernsey Electricity through the Channel Islands Electricity Grid, will take effect on 1 January 2028 when the current arrangement with EDF comes to an end.
The agreement continues the long-standing relationship between Jersey Electricity, Guernsey Electricity and EDF and provides an important foundation for Jersey’s future energy security.
Jersey currently imports the significant majority of its electricity requirements from France, principally from low-carbon nuclear and renewable generation. This is supported by Jersey Electricity’s subsea cables, local generation capability and Island-wide electricity network.
The new agreement gives Jersey Electricity greater flexibility over the timing and management of future electricity purchases, allowing the Company to respond to changing market conditions and demand while continuing to use established purchasing and hedging strategies to manage energy costs.
Jersey Electricity says the arrangements provide a strong framework from 2028 onwards and will support the Company’s objective of continuing to deliver competitive and stable electricity prices for customers.
Chief Executive Chris Ambler said: “This is good news for Jersey and gives us long-term confidence in the security of the Island’s electricity supply. We have enjoyed a strong relationship with EDF over many years, and this agreement provides continuity beyond 2027 while also giving us greater flexibility in how we manage our future energy requirements.
“One of our priorities throughout the negotiations has been to ensure that we retain the ability to manage electricity purchasing carefully and responsibly. Energy markets will inevitably move over time but having a supply framework and the flexibility to manage when and how we purchase electricity puts us in a strong position.
“Our customers have benefited for many years from secure, low-carbon electricity from France and the new agreement provides a sound basis for that to continue.”
Mr Ambler said the agreement was also important because Jersey’s electricity demand is expected to increase in the years ahead as more homes move away from fossil-fuel heating and the number of electric vehicles continues to grow.
He added: “Electricity is becoming increasingly important to the Island’s economy and everyday life. This agreement gives us greater visibility over our future supply arrangements while allowing us to continue investing in the resilience of Jersey’s electricity network.”
Jersey Electricity will continue to combine imported electricity from France with local backup generation whilst at the same time increasing investment in its network and infrastructure. The new agreement forms part of the Company’s wider strategy to maintain a secure, resilient and sustainable electricity system for Jersey.
