Electricity price row fizzes on

The row over the future pricing of electricity in Guernsey looks no closer to being resolved.

Despite a public meeting, the supplier and regulator continue to disagree over whether or not prices should be capped.

The Office of Utility Regulation (OUR) thinks Guernsey Electricity should spend some of its reserves rather than raise the prices for the consumer.

The company says it cannot see what the OUR is trying to achieve. A consultation period ends on 28 October.

The OUR wants to prevent the company putting up prices by a third, saying such a big increase is unjustified.

In September, the company announced a pre-tax profit of nearly £1.5m.