The rise, which sits below the September RPI figure of 2.8%, will add around £60 per year or just over £1 per week for a typical all-electric home using around 10,000 units of electricity a year*.
The price rise reflects increases in the general cost of living and operational costs as well as the need to invest in the electricity infrastructure - including the largest ever investment programme of £180 million over five years to ensure a secure electricity supply that meets the Island’s electricity needs long into the future.
JE’s Chief Executive Chris Ambler said, “We understand that any increase in household costs is unwelcome and we’ve worked hard to keep this increase as low as possible.
Encouragingly, we’re starting to see signs of greater stability in international energy markets which has helped us keep this adjustment below inflation. We’ve also been able to hold off bringing this 2.5% increase into effect until March 2026 so customers can be assured it won’t affect their bills over the colder winter months when consumption is higher.
“We’re here to help and encourage any customers with concerns about their energy bills to speak to our Customer Care team to understand how we can offer support.
“This increase reflects a pricing strategy that continues to benchmark well for our community. Following the rise, Jersey’s electricity prices will remain amongst the lowest in Europe and the Channel Islands.
“As we deliver the most significant electricity infrastructure upgrades the Island has seen in a generation, we have been able to maintain a below cost-of-living increase as a result of our solid pricing strategy and ongoing operational and capital efficiencies. We remain committed to delivering clean, secure and affordable electricity, while investing in the infrastructure our Island needs for the future.”
Further updates on JE’s supply contract negotiations will be shared soon, offering customers continued confidence in price stability over the coming years.
“We’re making good progress with our contractual negotiations. While there will be some structural changes to the new contract, we are confident that this new framework will continue to deliver competitively priced power and continued good outcomes for consumers,” added Chris Ambler.
*Consumption assumptions are based on a typical all-electric heating household in Jersey. Bill impacts are estimates and will vary depending on domestic usage patterns and meter type.
