Electricity prices in Jersey will rise by 2.5% on 1 March 2026.
The tariff increase will put an extra £60 a year on the average household bill.
Jersey Electricity CEO Chris Ambler says they have kept the rise below the rate of inflation, which was 2.8% in September, and delayed putting up prices until after the winter.
“We understand that any increase in household costs is unwelcome and we’ve worked hard to keep this increase as low as possible.
"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."
Mr Ambler says the main driver of the increase is higher operational costs.
"We have been able to keep the rise below inflation, not withstanding the fact that we are continuing invest significantly in new infrastructure."
Last week, Jersey Electricity gave an update on the first 12 months of a five-year £120 million network upgrade to cope with the island's future power demands.
Mr Ambler says a further £60 million is being invested in local back-up generation at La Collette.
He says Jersey's prices remain 'significantly lower' than elsewhere, including Guernsey and Isle of Man.
Anyone who is already struggling to pay their energy bill should contact JE for advice. Mr Ambler said:
"We are very aware of the pressures on household budgets.
"We can make sure they are on the right tariff, we can give energy efficiency advice, we can help with being flexible on repayment terms.. there are lots of things we can do to encourage people to lower their bills by consuming less energy in the first place."
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