Gas price increases in Guernsey

Wednesday 17 January 2024

The price of gas in Guernsey is set to rise by 8% from the end of January.

In a statement, Islands Energy Group - the island's only supplier - said from the 31 January the price of gas will increase in Guernsey and Jersey, with Jersey facing a 12% hike.

These increases equate to roughly £8.30 a month more in Guernsey and an additional £13.80 per month in Jersey.

“We are fully aware of the challenges that many households are facing with rising prices across the board," said Jo Cox, Islands Energy Group CEO.

"We have kept our tariffs the same for over a year however with inflationary pressures on operating and importation costs, high interest rates impacting on our capital investment programme and the continued volatility in the wholesale gas market means we have had to take the difficult decision to make this increase. We’re confident that our prices truly reflect the cost of gas we supply to our customers.

“We are working closely with both the Government of Jersey and the States of Guernsey to ensure they are fully up to date on the situation and that they are able to offer support where they can.

“We provide a Priority Customer Care scheme that offers support to vulnerable customers, ‘energy reviews’ for customers to see where they can save energy, and a host of smart technology that can help customers manage their consumption and reduce costs. If any customers are struggling with their bills, we would urge them to get in touch with us.”