A cash injection to the Manx Electricity Authority, halting price rises over the next two years, aims to keep businesses in the Island.
This week's announcement by the Council of Ministers of a £14.5 million support package for the MEA is a direct response to concerns raised by the commercial sector over rising bills.
Without it, ministers feared some firms would leave the Island if the cost of electricity made them uncompetitive.
The price freeze will also help domestic consumers.
Minister for Education and Children, former MEA chairman, Eddie Teare says they had to act to protect the manufacturing industry:
Garff MHK says MUA proposal only 'alternative' sewage treatment plan
Age Concern IOM shuts information centre
Help available for small businesses
UCM launches new Masters courses
'Slow progress' being made in terms of medical cannabis sector