OFT comments on price hike
Manx Gas tariff hikes had been in the offing for a few weeks, according to the OFT.
It was announced yesterday there would be a 3.5% rise whilst the standing charge would rise by 2.4% - both coming into effect on June 1.
The regulatory agreement in place means any profits the firm makes above 9.9% have to be returned to the customer.
OFT Chairman is Martyn Perkins
'A lot of work to do' on low income housing
Chief Minister says facts are urgently needed
Public servants killed in the line of duty eligible for new award
Families encouraged to apply for Elizabeth Emblem
Multi-million pound Villiers development recommended for approval
Planning Committee due to make decision next week
IoM 'must use voice on international stage'
MHK says public's views must be represented
Rosalind Ranson row draws to a close
Tynwald debates the findings of a probe into its management
'Not appropriate' for gov't to help individuals in struggling hospitality sector
Enterprise minister says other options need to be looked at to support industry as a whole
