Isle of Man Energy to reduce domestic gas prices by a further 16%
Domestic gas prices in the Isle of Man are set to fall again, with the All Island tariff going down from 16.67 pence per unit to 13.98 pence per unit, as a result of the continued settling of the global energy market.
“Last summer we saw steep rises in commodity costs, which led to a price increase in September. However, as we promised at the time, as costs have reduced Isle of Man Energy can decrease the price of gas. We have provided the necessary information to CURA who have agreed that we can proceed with a drop in our tariff. This is more good news for our customers in the Isle of Man following as it does a similar price decrease late last year,”, said Jo Cox, CEO of the Islands Energy Group, parent company of Isle of Man Energy.
The price change will mean that the price of natural gas for domestic customers will decrease by 16% from 16.67p to 13.98p per unit on the 1st March 2023. Overall the price for domestic customers has decreased by almost 37% since November 2022.
Isle of Man Energy will apply the decrease on gas used after 1st March. If customers’ bills cover periods before and after 1st March, they will get charged the current rate up to 28th February and the new rate from 1st March.
For customers who want to provide a meter reading to ensure their bill is accurate, this can be done online at www.isleofmanenergy.im
Isle of Man Energy will continue to offer payment plans, where customers can spread the cost of their winter bills across the whole year, and will make specific provisions for those who require extra support.
Jo Cox added: “Vulnerable customers can also register on our Priority Care scheme, and we will assist them with safety checks, prioritising call outs and energy-saving advice. We can also assist them with identifying other forms of support that may be available for them.”