PORT users face lower than expected price rises over the next five years following a decision by the Jersey Competition Regulatory Authority to limit maximum increases to 1.8% above Jersey RPI.
The JCRA had previously indicated they would allow Ports of Jersey to impose annual rises of up to 3% but, following representations to a draft decision made in June from Condor and boat owners, the authority decided to reduce this limit.
Tim Ringsdore, chief executive officer at the JCRA, said: “We have taken a considered approach to this review and operated within the government’s Ports Policy Framework. The authority has full confidence that Ports of Jersey can achieve its plans through the new price control.
“Our decision balances capital investment with the need to protect the interests of all current and future ports users. We look forward to working with Ports of Jersey as it implements its plans for the benefit of Jersey.”
Ports have the right to make a final representation to the JCRA in light of the decision. However, if no such representation is made, a final notice formally implementing the agreement – which runs from 1 January next year to 31 December 2029 – will be issued on or around 13 November, the JCRA say.
