Watchdog calls for transparency from Guernsey Electricity after licence breach

The company now has three weeks to publish the pricing information. Credit: PA

Guernsey Electricity has been found in breach of its licence by not publishing all of its charges. The island's watchdog says the company failed to publish its prices for a select number of commercial customers and has failed to show that the charges are "transparent, non-discriminatory or cost-justified".

The Guernsey Competition & Regulatory Authority (GCRA) says publication of charges is necessary for it to regulate the market and ensure all customers are paying fair prices.

The body says although it has informed the company it was acting in breach of its licence, it has not accepted its decision.

Guernsey Electricity says it is "extremely disappointed" by the GCRA’s decision and the lack of a "coherent and cogent legal basis for it."

The company now has three weeks to publish the pricing information and the GCRA says it will work with the company to determine the best format it should be provided in. Guernsey Electricity says it is considering its options including an appeal.