Measure seen as a "last resort"
A bill - which would allow a financially distressed energy supplier to be placed into a form of special administration - has been given its second reading in The House of Keys.
The Council of Minister's and Tynwald's approval would be needed.
Environment Minister Clare Barber has stressed this measure exists as a last resort:
Person dies following road traffic collision at Hillberry
Police provide update after incident closed roads in the area
Contractors to start installing 20mph signs in Douglas and Onchan
Infrastructure Minister confirms work will start next week
Accessible bus stops rolled out across Bus Vannin network
Department of Infrastructure says upgrades will make travel easier for wheelchair and mobility scooter users
Road closures in place following incident in Hillberry area
Police response ongoing with Little Mill Road, Cronk-ny-Mona and Creg Ny Baa affected
£1 million National AI Office launched to coordinate artificial intelligence policy and adoption
NAIO to oversee strategy, guidance and skills development across public and private sectors