Based on proposals from Sark Electricity Ltd, power prices have been reset to reflect the challenges of falling demand and commercial uncertainties on the island throughout 2020.
From 1 January, customers will pay 50p per unit, down from 54p, though changes could be made during the year to account for variables such as consumption levels and fuel prices.
A minimum monthly charge of £40 will be levied on both domestic and commercial customers to contribute to the provision and upkeep of the power though the charge will be absorbed in the billing process once usage exceeds £40.
‘The new tariff structure is designed to be fairer to full-time residents in Sark while ensuring that part-time occupants contribute to the overall costs of the island’s electricity supply system,’ said the commissioner, Dr Anthony White.
Under the new tariff, he said, most full-time residents would not suffer an increase in their annual electricity costs.
The new tariff was also designed to help underpin the long-term economic viability of Sark Electricity Limited as the island’s sole electricity supplier.
Twenty-five customers and interested parties responded to a formal public consultation to the proposed changes.
A submission by SEL was considered by the commissioner in deciding the new tariff in the light of commercial and operating difficulties faced by the company.
Comments are analysed in the commissioner’s official variation document which is available at www.epc.sark.gg