A PROPOSAL to slash electricity prices by using an ancient law in the States would make the JEC effectively insolvent if it were successful, according to the company’s chief executive.
Chris Ambler, the man at the top of the power generation business, has warned that if politicians accept the proposal by Senator Alan Breckon, the decision would put the company’s future at serious risk.
Mr Ambler said that if the Senator was successful, the JEC would be ‘flipped into a deeply loss-making situation’.
Senator Breckon is asking fellow States Members to support the use of a 72-year-old law to reverse a 24 per cent increase in electricity tariffs introduced at the turn of the year. He wants a reduction of 20 per cent from the present tariffs, with the lower rate in place by 1 July.
• Picture: JEC chief executive Chris Ambler who is the subject of the Saturday Interview in today’s Jersey Evening Post. Picture by Tony Pike (00669292)
