MUA makes adjustment after fall in wholesale energy costs
Electricity tariffs on Island won't be going up as much as previously planned on 1 July.
Manx Utilities has announced prices will now rise by two pence per unit from that date instead of six pence per unit due to the fall in wholesale energy prices.
It means that customers using 2,900kWh per year will see their annual cost rise from £942 to £1,003 from July this year.
MUA Chair, Tim Crookall, says he's 'extremely conscious' of the effect high tariffs have on residents and businesses, adding they will continue to monitor wholesale energy prices and 'react accordingly should changes be required'.
Meanwhile, Mr Crookall states the authority is still predicting an approximate £50million loss for the previous financial year.
Balthane Roundabout targeted for Spring 2027 completion, says infrastructure minister
Jurby Junk founder dies aged 90
Treasury exploring replacement payment card scheme
Liverpool ferry terminal dispute escalates in House of Keys as minister refuses to publish final cost
Assisted Dying Bill: Health minister writes to MHKs as Ministry of Justice holds legislation under review