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.
Jury shown footage taken after teen was stabbed in 'frenzied' attack
Prosecution disputes teen's self-defence claim
David Ashford elected as Speaker of the House of Keys
The Douglas North MHK was the only person nominated for the role
Onchan MHK wants Chief Minister position
Rob Callister sent a 16-page 'basic blueprint' to keys members for consideration
Jury sworn-in for juvenile murder trial
15-year-old denies murdering fellow teen
