Electricity prices in Sark will increase by 2p per unit

The maximum price of electricity in Sark increased from 54p to 56p per unit.

Formerly the island’s power regulator warns price could triple If Sark Electricity’s (SEL) request to increase prices to facilitate infrastructure investments is approved.

Some businesses on the island He warned that they would have to close it in such a situation..

Price control commissioner Shane Lynch rejected most of SEL’s demands for extra spending, reducing the increase to 2p.

SEL has been contacted for comment.

In his summary, Mr Lynch said: “It is important to note that the maximum unit price revised above may increase further to allow for additional capital expenditure or legal costs to be approved.”

Additionally, “SEL may appeal this decision to the Seneschal Court until November 28.” he said.

In its request, SEL asked for prices to be increased to cover historic legal fees, cost increases caused by inflation, the new kit and the cost of decommissioning the company’s equipment within two years.

The company’s chief executive, Alan Witney-Price, argued that his company would have to decommission its equipment because the island’s government chief Pleas plans to build its own grid.

two companies Following the vote of the consultants, we started working on designing the island’s new network. spend £175,000 on the process.

Chief Pleas decided to continue plans for his own energy company Following a series of independent reviews that found SEL’s equipment was “dangerous” and needed to be replaced.

Latest figures provided by Chief Pleas put the cost of the new network at £8.6 million, but some consultants have warned the price could rise once designs are completed.