Jersey Ports Authorized to Increase Prices Above Inflation for Five Years

Port prices are set to be allowed to increase beyond the rate of inflation over the coming five years, according to a regulatory body. The Jersey Competition Regulatory Authority determined that the Ports of Jersey (POJ), which operates on behalf of the States, could raise its prices by a maximum of 1.8% above the retail price index. The authority indicated that these increases would enable POJ to generate sufficient revenue to enhance its facilities and services at the island’s harbours and airport. Tim Ringsdore, representing the authority, stated that this decision would assist POJ in advancing its plans. He commented: “We have taken a considered approach to this review and operated within the Government’s Ports Policy Framework. The authority has full confidence that POJ 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.”