Jersey Electricity plc announced interim management statement for the period from October 1, 2013 to January 24, 2014. For the period, the company reported unit sales of electricity fell by 4%, from 177 million to 170 million kWh, compared to the same period in the prior year. This fall was primarily due to unseasonably higher temperatures in December.

Revenues in Energy Division however rose by 5% due to an average tariff rise of 9% on 1 January 2013, offset by the lower unit sales. Electricity unit sales were marginally below those experienced last year. Net debt at the end of December 2013 was £5.5m being marginally higher than the level at the last financial year end.

The timing of capital expenditure is subject to change but a high proportion of the outflows on the Normandie 3 project are expected in the remainder of financial year 2014.