The competition watchdog has announced the first review of Jersey's electricity supply in more than a decade.
The JCRA says its latest study will take a close look at whether the market is working well for consumers.
Chief Economist Paul Hetherington says electricity is an unavoidable expense, and a 'substantial portion of household income'
"We are very aware that, in the current economic climate, there is significant pressure on household budgets, and it is appropriate that we take a closer look at this market to consider if it is working well for consumers."
The authority last reviewed the market in 2012.
Terms of reference have been published:
In particular, the study will consider:
• the efficiency of electricity supply in Jersey, taking into account the resilience of supply;
• market characteristics, including consumer demand, market structure and market outcomes;
• comparative data and findings from the previous market study carried out by the Authority; and
• features of the electricity market, including investment in renewables and alternative generation, which potentially impact present and future competition.
A draft report will be published in March 2024, and the study is expected to be fully completed by next autumn.
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