Rising costs mean electricity goes up by 6.5%, not 6.2%
Thursday 17th March 2011, 2:29PM GMT.
ELECTRICITY bills will rise by 6.5% – an extra £97.50 a year for a three-bedroom all-electric home.
The Office of Utility Regulation this morning announced that it had accepted Guernsey Electricity’s request for an increase – and even added 0.2% – and has also given the company more flexibility in setting tariffs.
‘Guernsey Electricity had requested a tariff rise due to higher oil and import costs, while higher demand for electricity during the winter saw plans for investment in infrastructure being brought forward by Guernsey Electricity to meet that demand,’ said OUR director-general John Curran.
The company is also being allowed to recover certain generation costs incurred in 2009-10.
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Where’s bloody John Curran in all of this? He ruins the local post office, and now wants us to pay 6.5% on some electricity!
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And where does the OUR expect us to excrete this money from?
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The electric company could cut their costs by doing away with the regulator,he puts up their costs and produces nothing in return.
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