Gas company says reduction  is 'great news' for customers in the middle of winter 

It takes effect from 1 January 2025 

Isle of Man Energy says with gas prices reducing at the start of the new year, central heating customers could see a saving of approximately £156 a year.

Yesterday the Communications and Utilities Regulatory Authority announced a 13.8 percent reduction for regulated tariff customers following a review of the energy company. 

This means costs decreases from 11.33p per unit to 9.76p.

Isle of Man Energy's Managing Director Aidan Baglow says,: “I’m pleased to say that Isle of Man Energy is decreasing the price of gas to our regulated domestic customers following recent changes in commodity prices on the global energy market. 

"This is the third price decrease this year, which is great news for our customers, particularly in the middle of the winter heating period.

“Vulnerable customers can register on our Priority Care scheme, and we will assist them with safety checks, prioritising call outs, energy-saving advice, and by offering payment plans, where customers can spread the cost of their winter bills across the whole year if they sign up to a fixed Direct Debit.”

Customers can register for Priority Care by contacting IEG’s team or visiting the website at www.isleofmanenergy.im