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:
Will the Isle of Man adopt 'Jess's Rule'?
Interim census 'important for business as well as government'
Fuel retailer urges motorists to avoid refilling diesel until tomorrow
Baldrine residents rally to save last remaining community space in village
'Once in a lifetime' experience for Manx dance company