Guernsey Electricity prices to rise twice

Guernsey Electricity prices will rise twice in the next seven months to help the company recoup outstanding costs.

The rises of 2.5% on 1 October and a further 2.5% on 1 April have been agreed by the Office of Utility Regulation (OUR).

Alan Bates, managing director of Guernsey Electricity, said: "The costs are associated with the volatility in the wholesale energy market.

"This means they have to be recovered retrospectively."

He added: "These increases are necessary to ensure that the island's electricity supply remains secure.

"We believe this is a pragmatic approach to balancing the needs of the company to recover outstanding costs against the needs of consumers for prices to remain low.

"These increases are significantly lower than those recently introduced in the UK and by other local energy suppliers."

The OUR said a new four-year price control is due to be agreed from April 2012.
(from BBC)

flamin nora,,, where do i a buy a gas lamp from?

typical of the excessive prices charged for lots of things in guernsey..

Typical they switch us all over to electric heating and the prices goes up so much we dare not flick the switch..look like some will have a very cold winter ,i just hope these elderly will be supplementary so they can keep warm ,and not the scrounging sods who claim sup and spend it all in the bloney pubs .