Any changes would come in from April 2025
Manx Utilities is expected to complete its five-year review of pricing structures across its utility services by the end of the year.
Any changes would then be introduced from 1 April next year.
Meanwhile it's been announced that the UK energy price cap will be raised from 1 October.
The change will add 10 percent to energy bills for consumers there meaning an average household will pay around £1,717 a year for gas and electric.
MU's last review took place in 2018.
Under normal circumstances the next one should have been last year but a decision was made to delay the process to give volatile wholesale gas prices time to stabilise.
Cost of off-Island healthcare treatment almost £2m higher than forecast over five-month period
Options for Tramway Terrace expected in the next eight weeks
Organisation welcomes news of Milan extension
AI workshop findings to shape forthcoming national strategy
Island residents urged to report possible Asian hornet sightings