Gas tariffs fall by 16 per cent

Wednesday, 1 March 2023 08:31

Isle of Man Energy MD discusses price review

The managing director of Isle of Man Energy says the company would like to see gas prices drop even further.

Tariffs have fallen by 16 per cent today following a review by the Isle of Man's energy regulator (CURA).

Prices have been adjusted to 13.98-pence per unit, with more reviews planned for later this year.

However, Aidan Baglow says wholesale prices are sometimes up to seven times higher than 'normal', and warns there's still volatility in the market:

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