Allinson to work on new pricing structure
The Chairman of the Manx Utilities Authority believes the proposal to write-off £95 million in debt to Treasury will be short-term good news for customers.
The proposal still has to gain Tynwald approval later this month.
If it does, it will mean a freeze in charges for water, sewerage, electricity standing charges and a 2% cap on electricity prices for the next year.
MUA Chairman Dr Alex Allinson says they will work on a new long-term pricing framework to improve fairness and transparency.
And he's hoping increases to consumers will be more gradual but warns the trend will still be upwards:-
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