Jersey Electricity

Jersey Electricity (LSE: JEL)

Currency in GBP

Last close As at 22/09/2023

GBP4.50

— 0.00 (0.00%)

Market capitalisation

GBP53m

Overview
Price performance
Financials
Research
Thematics

Jersey Electricity is the monopoly supplier of electricity to the island of Jersey. It also operates businesses in retail, property and business services on the island.

Latest Insights

Industrials |
Outlook

18.09.23

Jersey Electricity — Managing transition well

Industrials |
Outlook

04.07.22

Jersey Electricity — Updated modelling of net zero implications

Industrials |
Outlook

14.03.19

Jersey Electricity — Continuing dividend growth forecast

Industrials |
research

05.03.18

Jersey Electricity — Strong cash generation

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Sector

Industrials

Key Management

Chris Ambler

CEO
Lynne Fulton

CFO
Phil Austin

Chairman

Balance Sheet

Forecast net cash (£m)

22.9

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	1.1	(5.7)	(20.7)
Relative	4.6	(5.5)	(21.7)
52 week high/low	555.0p/432.0p

Financials

Jersey Electricity (JEL) continues to deliver steady 5% dividend growth, while managing consumer tariffs amid turbulent energy markets. Forward energy purchases have helped protect JEL and Jersey consumers from volatile wholesale markets over the last year, but this protection will decline from FY24. JEL should benefit from Jersey’s carbon-neutral goals, which will see increased electrification of the island, notably due to the displacement of carbon-intensive heating and transport with low-carbon energy purchased via subsea cables. We see the almost flat unit demand of recent years rising to a 2% CAGR through to 2030.