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He also said EDF made no profit from supplying residential homes in the last three years and said it was impossible to do a "perfect match-back between the tariff increases and the year-on-year increase in costs".
"Our expectations that we set in February would not assume that we carry the full burden of the tariff increases".
"The tariff increases will reduce that impact by less than £500k, with the remainder offset by efficiencies achieved within the business".
The tariff increases are largely between 10% and 20% and cover fruits and vegetables (onions, pears, strawberries and cherries), juices, wine, bottled water, dog and cat food, manicure and pedicure preparations, dental items, shaving material, toilet paper and other products of this nature.
The tariff increases were a response to a U.S. decision to raise duties on Mexican brooms made of a straw-like substance known as broomcorn.
Whether they are using fewer services than they did prior to the tariff increases would require more in-depth study, but it seems intuitively likely, given rises in user fees.
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The tariff increase prompted China to retaliate, analysts said.
He added, however, "We had to reflect in the tariff increase all the increases that had never been implemented before".
He added, however, "We had to reflect in the tariff increase all the increases that had never been implemented before". The consortium had also agreed to finish a stalled dam project known as Misicuni, which would pipe water through the mountains.
"A small rise in the cost of transmission charges has also contributed to the tariff increase". Last week, SSE Airtricity said it was increasing its prices in the Belfast market by 11%.
Overall, the revenue generated from the tariff increase will be below Guernsey inflation". From July, it's likely everyone living in Jersey will be considered to be an organ donor - unless they say they don't want to be.
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