THE COMPANY operating the district heating scheme in Lerwick will not be increasing its energy tariffs in the new financial year and will continue to charge a very competitive 6.9 pence per kilowatt/hour.
Shetland Heat Energy and Power’s (SHEAP) executive director Derek Leask said that despite the current energy crisis and escalating cost of domestic heating the company has been able to hold its prices for the second year in a row.
The news comes at a time when electricity bills are going through the roof while inflation at 5.5 per cent has reached a 30-year high.
Yesterday (Wednesday) councillors decided to freeze council tax and council house rents for a year when they voted against proposals for increases of three and 2.5 per cent respectively.
Leask said: “As a community based, local energy company we want to act responsibly given the high prices of energy Shetland consumers are currently facing.
“Although we have around 1050 domestic customers in Lerwick we also supply heat to the hospital, care homes, schools and many other public buildings that provide benefit to the whole of Shetland.
“We’ve done a lot of development work this year that ensures our energy mix is more efficient with reduced emissions. This enables us to hold our price at current levels.”
Leask added that it was likely for price adjustments to be made in March 2023 when prices will have been at the same level for three years.
“However, we will endeavour to keep these at a modest rate and customers won’t experience the dramatic hikes that other energy suppliers are having to impose,” he said.
SHEAP provides around a quarter of the energy used for heating and hot water in Shetland. The company is wholly owned by Shetland Charitable Trust.
Become a supporter of Shetland News
Shetland News is asking its many readers to consider start paying for their dose of the latest local news delivered straight to their PC, tablet or mobile phone.
Journalism comes at a price and because that price is not being paid in today’s rapidly changing media world, most publishers - national and local - struggle financially despite very healthy audience figures.
Most online publishers have started charging for access to their websites, others have chosen a different route. Shetland News currently has over 540 supporters who are all making small voluntary financial contributions. All funds go towards covering our cost and improving the service further.
Your contribution will ensure Shetland News can: -
- Bring you the headlines as they happen;
- Stay editorially independent;
- Give a voice to the community;
- Grow site traffic further;
- Research and publish more in-depth news, including more Shetland Lives features.
If you appreciate what we do and feel strongly about impartial local journalism, then please become a supporter of Shetland News by either making a single payment or monthly subscription.
Support us from as little as £3 per month – it only takes a minute to sign up. Thank you.Support Shetland News