A 5.1% decrease will come into effect in April
Electricity prices are falling 5.1 percent from April.
Manx Utilities says it had been planning to apply a proposed inflationary increase of 5.7 percent, but that's been reviewed and amended to reflect the reduction in wholesale natural gas prices.
It's thought bills will reduce by around £50 a year.
However, electricity standing charges, water and waste water charges will still increase by that 5.7 percent.
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