No plans to increase gas prices, says energy regulator

Monday, 13 May 2024 13:55

The Island's energy regulator says it has no plans to allow gas prices to rise soon.

The Communications and Utilities Regulatory Authority issued a statement in response to claims in the House of Keys last week about prices being put up because more people are on payment plans.

It says it'll be carrying out a mid-year review for 2024 in the next month, and doesn't predict prices rising.

And it adds given current market, there could be a price reduction for gas users - although it admits it can't predict future conditions.

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