The Liberal Vannin Party is calling on the gov to protect low to medium income families from the proposed gas hike announced yesterday.
A statement from Lib Vannin said: ‘Whilst we appreciate the global situation driving this request Liberal Vannin call on government to protect families on low to medium incomes from such a significant price rise, just as the weather is turning colder and the need to use more gas for heating homes increases.’
Party leader Lawrie Hooper MHK, who has tabled an amendment to the Tynwald motion to this end. Mr Hooper said: ‘Government must ensure that people are not hit with costs that they can’t afford, especially after such a long period of disruption to incomes caused by Covid. Government have a duty to step in and act. Some form of support is critical, immediately.’
A review of pricing by the Communications and Utilities Regulatory Authority (CURA) – the island’s gas market regulator was triggered by the unprecedented increase in gas prices across the globe in recent weeks.
If the cap increase is approved by Tynwald, Manx Gas would be able to increase charges to consumers by up to 2.1 pence per unit of gas. Ofgem in the UK has recently approved a 28% price increase, as has the Northern Ireland Utilities Regulator.
The Islands Energy Group, which owns Manx Gas, recently announced gas prices will increase by 17% in Guernsey and 13% in Jersey from mid-October – meaning an average £10 to £15 rise per month. This has led to Manx consumers asking why our prices are rising by a much greater percentage than our friends in the Channel.