Gas Prices Expected to Fall

Islands Energy Group boss Jo Cox has said she expects a review of tariffs to lead to a drop in gas prices for islanders.

Tariffs are currently set at 16.67p/unit.

Isle of Man Energy has said that given the commodity price of gas has fallen recently, a tariff review has been triggered and Isle of Man Energy is providing all the necessary financial information required by CURA.

Jo Cox said: ‘After many months of extreme volatility and high energy prices, we are pleased that the forward price of gas has reduced in the past month; as always, we are fully engaged with CURA and we will work together on a review of tariffs which we expect will trigger a price reduction. This is great news for customers, and we hope this will ease some of the financial pressures many have experienced during the cost of living crisis.’