Alderney Electricity's MD says he is watching the global situation closely as the economic effects of the war begin to be felt.
Alderney Electricity burns diesel to power its generators and its MD Chris MacGregor says they are due a shipment soon.
But, he says it will not be paid for until it is ready to ship, meaning it could be subject to global oil price volatility.
Mr MacGregor says as the principal shareholder, the States of Alderney will be briefed this week on the potential price impact on consumers.
He says the content of that briefing will later be shared with islanders.
People in Alderney pay a fuel cost component to their bills, which is adjusted quarterly, depending on market prices.
Alderney Electricity has gone through a period of infrastructure renewal and this year is focusing on adding solar generation and battery storage to the network.
It remains keen to integrate wind and tidal technologies as resources permit.
But currently, Mr MacGregor says 'small islands such as Alderney, which still rely on imported fossil fuels, will inevitably feel the effects of movements in international fuel prices more than those islands with interconnectors.'
This is the undersea cable link between Guernsey, Jersey and the European grid.
The first ever Royal Visit to The Ecréhous
Guernsey's oldest pub is for sale
Guernsey forecast to break all time heat record
Guernsey hurdler celebrates UK title win with family trackside
Guernsey set to break June heat record
Guernsey and Jersey to explore joint working on affordable housing
Dean of Guernsey to host farewell service in St Peter Port
Guernsey's Aurigny aircraft mesmerise online plane spotters
Comments
Add a comment