Chair says markets are still 'volatile'
Manx Utilities says it cannot guarantee it won’t need to borrow more money to support energy customers.
Electricity prices on the Island are currently capped until the end of March next year.
Speaking to a Tynwald Economic Review Committee today the chairman described the markets as ‘volatile’.
Tim Johnston said despite the global price of gas coming down substantially it’s impossible to be certain of future movements:
Hopes DOI and striking bus drivers could meet
Unite the Union members are about to enter a third round of industrial action
Blocked gullies found to be cause of Castle Street flood
Problems 'not linked to the sewerage system'
'Only a very small number' needing support cashing benefits cheques
Minister confident those yet to cash cheques can access payments
Samantha Barks throws support behind wind turbine petition
'Many of us believe this would permanently change the character of our Island'
Fire and Rescue Service respond to HGV incident
Driver was trapped due to injuries sustained in the collision