Electricity prices to rise

Mon, 06 Mar 2023

Electricity bills rise by an average of 51% from April.

Manx Utilities said the increase will by applied in two stages, in April and in July, following a six-month price freeze.

The average bill will see an increase of £380.

Chair of Manx Utilities, Tim Johnston MHK, said: “We are very conscious of the impact that this will have on our customers and the decision to recommend an increase to electricity prices is not one the Manx Utilities Board has made lightly. 

“Specialist consultants were brought in to review the business and tariff structure to ensure any increase was appropriate.  The aim has been to minimise the cost to our customers whilst ensuring Manx Utilities can continue to meet its financial obligations.  Manx Utilities is not immune from the impacts of the global energy crisis.  The Board has been working hard to shield customers from the cost increases we have been facing over the last two years but we have reached a point where we cannot continue to do so.   However, we will continue to review wholesale energy costs to ensure our tariffs remain as low as practicable.

“As always, I would encourage customers who are worried about electricity bills to please get in touch with Manx Utilities who are best placed to help with advice and support.”

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