Chair, Phil Austin and Chief Executive, Chris Ambler share their reflections on Jersey Electricity's performance for the financial year ending 30 September 2024 as well as their views on the outlook for the future, following the publication of the Company's Annual Report and Accounts. For further details, please see the Annual report.
A message from the Chair
A message from the CEO
Snapshot of 2024 key achievements
Revenue
£135.70M
2023
£125.1M
2022
£117.4M
2021
£118.6M
2020
£111.7M
2019
£110.7M
Profit before tax
£15.1M
2023
£14.9M
2022
£10.6M
2021
£19.1M
2020
£14.8M
2019
£14.8M
Ordinary dividend paid per share
19.8p
2023
18.8p
2022
17.8p
2021
16.9p
2020
16.1p
2019
15.3p
Unit sales of electricity
609M
2023
608.0M
2022
613M
2021
639M
2020
619M
2019
627M
Customer minutes lost
10
2023
4
2022
5
2021
5
2020
5
2019
6
Customer service score
77.5
2023
80.3
2022
77
2021
78
2020
77
2019
78
2018
N/A
2017
N/A
Employee net promoter score
34
2023
7.9
2022
7.8
2021
8.1
2020
8.3
2019
7.8
2018
7.6
In 2024 we moved to measure employee net promoter score (ePNS) rather than just employee satisfaction.
Your 5 character Customer Number can be found in the top right and bottom left corners of your bill.
Daily Service Charge
The Daily Service Charge covers energy support services such as metering, billing, Customer Care, safety obligations and other energy support services.
Off-peak
Off-peak means not at the mostpopulartime. Some of our tariffs provide discounted rates at off-peak times - for example, during certain periods at night.
Off peak charging times
Our current off peak electric vehicles times are from 00:00 to 06:59.
Dedicated supply circuit
A dedicated supply circuit is an electrical circuit that is set aside for a specific purpose, such as powering a boiler. It will work with a single appliance only.
It will have its own circuit breaker in your fuse box, and no other device or appliance will be able to draw power from it. A dedicated supply circuit ensures that appliances can draw the current they need without overloading your system, blowing a fuse or tripping an electric circuit.
Invoice Number
This can be found on the top right corner of your bill here
Premise Number
This can be found on the top right corner and bottom left corner of your bill.
Payment Slip
This can be found at the bottom of your bill here
Peak Load
Peak load or peak demand is a short period when the demand for electricity is at its highest.
Kilowatt Hours
Electricity consumption is usually measured in kilowatt hours, or kWh for short. Each kWh of electricity equates to 'one unit of electricity' for billing purposes. A 1kW (1,000 Watts) appliance in use for one hour = 1kWh (one unit). The cost per unit used depends on which tariff you are on.
Three phase
Residential homes are usually served by a single-phase power supply, while commercial and industrial facilities usually use a three-phase supply.
One difference between single-phase and three-phase is that a three-phase power supply better accommodates higher loads. Single-phase power supplies are most commonly used when typical loads are lighting or heating, rather than large electric motors.
Another important difference between 3-phase power and single phase power is the consistency of power delivery. Because of the variations in voltage, single-phase power supply does not offer the same consistency as a three-phase power supply. A three-phase power supply delivers power at a steady, constant rate.
kVA
A kVA is simply 1,000 volt-amps. A volt-amp, or ampere, (VA) is the voltage times the current feeding an electrical load.
Embedded generator
Embedded generators like wind turbines and solar panels are connected to your electricity supply and provide electricity for onsite use. They also have the capability to export back to the grid.
Smart Card Number
Your Smart Card Number is the 19-digit number displayed below the barcode on your Smart Card.
The Smart Card Number also contains your six-digit Meter Number that is also displayed on your meter. You need this to top up a Smart Pay As You Go Meter whether at a Payzone outlet or online.
Smart Card
A Smart Card contains your unique Smart Card Number used when topping up a Smart Pay As You Go Meter.
F-Credit
F-credit is a Pay As You Go meter display and means Friendly Credit. It is the period between 9pm and 8am. If the credit on your meter runs out during this period, your supply will remain on until 8am.
Decarbonise
The process of reducing carbon by replacing fossil fuels with fuel that is less harmful to the environment such as low-carbon electricity.
Regenerative braking
With conventional braking systems, the kinetic energy that was propelling the vehicle forward gets converted to unwanted and wasted heat by the friction of the brakes.
Regenerative braking recaptures much of the car's kinetic energy and converts it into electricity, so that it can be used to recharge the car's batteries.
In addition to improving the efficiency of a vehicle, regeneration can significantly extend the life of the braking system, as the mechanical parts will not wear out as quickly.
Power factor
Power factor is the ratio of useful power in kilowatts (kW) to apparent power, measured in kilovolt amperes (kVA). A perfect power factor would be 1.0, however in reality this is almost impossible to achieve. Office buildings are usually between 0.98 and 0.92. Bad power factor is anything below 0.85.
Electric flow boiler
Electric flow boilers are simple to install, quiet in operation, 100% efficient and integrate into most existing radiator or underfloor piped systems. Plus, with no flue or storage tank, an electric boiler is a space-saving option that can be installed almost anywhere in your home.
Approved heating system
A heating system, approved by Jersey Electricity, on a dedicated supply for use on one of our discounted heating tariffs.
To learn more about what's required for an approved heating system, view our current approved heating guidelines.
20-digit payment code
The 20-digit payment code is issued with your receipt for a Pay As You Go (PAYG) meter top-up. If your meter did not charge automatically, you can do it manually with the payment code. Press button A on your meter then key in your 20-digit payment confirmation code on the meter keypad, then press button B. Your meter will recognise the amount paid and charge accordingly.
Single phase
Single-phase power supplies are most commonly used when typical loads are lighting or heating, as in a domestic home, rather than large electric motors and higher loads. Single-phase power is a two-wire alternating current (AC) power circuit.