Treasury and Resources confirmed the utility's board had been keeping the department's supervisory sub-committee briefed about its business performance review since the company decided to launch it last year.
The utility has announced this week that a restructuring would create a more efficient and customer-focused company 'fit for the future', but could come at the cost of up to 20 members of staff.
'The sub-committee has established clear shareholder objectives for Guernsey Electricity that are firmly focused on ensuring that the company delivers cost-effective and customer-focused services,' said a Treasury spokesman.
'This includes an objective for the company to deliver competitive unit prices for its customers and a specific target for the company to reduce the difference between its own and Jersey Electricity's tariffs by 6% over the next three years.
'A key aim is to ensure that the company operates efficiently and in the best interests of the community.'
