Regulator proposes new price controls for Ports of Jersey

Friday, 21 June 2024 11:29

The competition watchdog is proposing Ports of Jersey be allowed to increase is prices by a maximum of 3%t above inflation for the next five years.

The Jersey Competition Regulatory Authority (JCRA) has to set a price control framework that will take effect on the 1 January 2025.

The current volume arrangement ends in December.

The authority's Draft Decision sets out a range for future price control on PoJ services of between RPI and RPI + 3%.

It's suggestion is based on conditions, including the level of investment made at the airport and harbour.

Ports of Jersey intends to modernise the Elizabeth Terminal - with the harbour's redevelopment awaiting planning permission - and revamping Jersey Airport in the coming years.

The regulator says it has balanced the need to fund those redevelopments with protecting the interests of port-users, but is giving islanders until 2 August to comment, before making a final decision in the autumn.

Tim Ringsdore, Chief Executive Officer at the Authority said:

“Ports services are integral to the Island economy and we would urge stakeholders to use this opportunity to give feedback on the Draft Decision.”

The Draft Decision is published on the JCRA website. Responses are due by 2 August 2024 and can be sent through e-mail to: info@jcra.je