Guernsey Electricity CEO says price rises 'needed for reliability'
The company had originally asked the States Trading Supervisory Board, which oversees GEL, to raise prices by 9.5%.Mr Bates said the lower price increase would "slow down" some of the companies planned activity.
How much are prices going up?
The 8% increase is being spread among the standing charge and the price per unit of electricity, the company said.Standing charge - rising from £68.25 to £86.75 per quarterStandard tariff- rising from 23.89p to 24.77p per unitSuper Economy tariff (peak rate) - rising from 25.31p to 26.45p per unitSuper Economy tariff (off peak) - rising from 11.40p to 12.26p per unitGEL said a typical domestic customer with electric heating would pay about £57 more a quarter.Meanwhile, those without electric heating will pay about £35 more a quarter quarter.
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