The changes brought the festival into line with major UK festivals such as such as Glastonbury, Bestival and Reading.
Liverpudlian Molloy was one of three people killed when a coach returning from Bestival on the Isle of Wight crashed last September.
Mr Bell said the new ticket policy brought the island event in line with major festivals such as Glastonbury, Bestival and Reading.
BBC: Jersey Live festival's new ticket policy 'in line' with UK
Mika is planning on playing the new songs at Bestival in September.
Michael Molloy, 18, of Woolton, Liverpool, was among three people killed when a coach returning from Bestival crashed on the A3 in Surrey.
The Coral are due to perform at the Connect festival on 30 August and Bestival in the Isle of Wight on 5 September.
Michael Molloy, from Woolton, was one of three people killed when a coach returning from Bestival crashed on the A3 in Surrey last September.
BBC: Surrey coach crash victim Michael Molloy's song released
The promoter of Bestival in the Isle of Wight fears for the future of many UK festivals if there is a repeat of the wet summer.
The band was due to perform at the Frequency Festival in Austria on Saturday, followed by their second appearance at Bestival on the Isle of Wight in September.
The naming of the award follows the Molloy family's decision to release a song which Michael recorded through the Bestival organiser Rob Da Bank's record label, Sunday Best.
In the UK, she is playing at T in the Park, V Festival and Bestival, while she is also due at Ireland's Oxegen and Rock en Seine in Paris.
Two-time Brit award winner Fatboy Slim, whose real name is Norman Cook, has had a DJing career spanning nearly 20 years including headline sets at major festivals including Glastonbury and Bestival.
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