Sark Electricity sold with new owner looking to a green future
SARK Electricity has been sold with the new owner making a plea for wealthy islanders not to install their own power generation.
Witney Price bought the company for an undisclosed amount.
The Gordon-Brown family, who have run the business for 50 years, decided to sell after the recent death of managing director David Gordon-Brown.
Witney Price managing partner Alan Jackson said it was primed to break ground this year on green energy infrastructure if Chief Pleas gave its blessing.
'A single unified provider meeting the needs of all residents is the best option,' he said.
'We appreciate that those with independent wealth can install individual solutions that benefit them specifically and the desire to do so is entirely understandable. My job is to persuade them that a unified approach is in the interest of all residents.'
Sark Electricity has had consistent run-ins with the price control commissioner recently, arguing that rulings to cut the price went too far and threatened to bankrupt it.
