But admits it doesn't address 'broader issue'
The cabinet office says a £58 rebate for gas customers, in the New Year, will be welcomed despite soaring overall costs.
It follows an agreement between Manx Gas and Manx Utilities which will see the energy company pay £700,000 less each year for infrastructure payments.
You can find out more HERE.
Gas prices rose by 27.5 per cent in October with the increase affecting this month's bills.
Kate Lord-Brennan is the minister:
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