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IoM Energy expects 'more predictable' payments to Manx Utilities

Gas supplier was late paying 22 or 25 invoices over the last year

Isle of Man Energy says it is confident future payments to Manx Utilities will be more predictable. 

It's after the gas supplier paid 22 of 25 invoices to Manx Utilities late, including seven that were overdue by more than 30 days.

The firm says exceptionally high gas costs had put gas suppliers under some pressure.

A statement from an Isle of Man Energy spokesperson said while it had been necessary for Isle of Man Energy to pay invoices late over the last year, the company had been in constant dialogue with Manx Utilities about the situation and about revised payment timescales.

It says it is happy to confirm that all payments are once again up to date. 

Having adjusted to the situation, the firm was confident it could return to more predictable payment terms for future invoices.

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