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.
New vaping laws come into force
From September retailers will have to stop displaying them
Isle of Man TT 2024 gets underway today
Delay to proceedings: Roads now closing at 14:00
Steam Packet passenger numbers up for TT
Visitors arriving on the Manxman for the first year
TT visitors advised 'know your limits'
Message from police as racing festival gets underway
Fines for Douglas duo who acted like 'children in a playground'
32-year-olds admit being drunk and disorderly
Unmarked patrols catch a dozen motorists speeding in one day
Reminder of Island's speed limits throughout TT fortnight
