Jersey Electricity

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

18.04.24

Jersey Electricity — Decarbonisation fuelling growth

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

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Sector

Industrials

Equity Analyst

Harry Kilby

Analyst

Key Management

Chris Ambler

CEO
Lynne Fulton

CFO
Phil Austin

Chairman

Balance Sheet

Forecast net cash (£m)

10.9

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	5.9	2.3	(5.7)
Relative	4.9	(3.9)	(7.1)
52 week high/low	483.0p/405.0p

Financials

Jersey Electricity (JEL) is intensifying its focus on energy security and electrification across Jersey by creating opportunities to accelerate growth. It successfully navigated the volatile wholesale power price environment in 2020–23, shielding its customer base from the worst inflationary pressures. However, from 2025, as older, more favourable hedges expire, this protection will diminish. Therefore, we have marginally reduced our earnings forecasts to account for the increased exposure to wholesale prices. Nonetheless, JEL remains well-positioned for continued growth, driven by decarbonisation and electrification over the long term.