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Isle of Man Energy welcomes price-cuts to gas tariffs

The organisation's managing director says he 'completely agrees' with the move

The Managing Director of Isle of Man Energy says he 'completely agrees' with a review by the energy regulator.

It's been confirmed gas prices on the Island will be slashed by almost 25 percent.

The Communications and Utilities Regulatory Authority carried out a review and says 'due to recent price movements, a reduction is warranted'.

The price-cuts will come into effect on 14 November and will be reviewed again on 31 December.

Aidan Baglow also predicted a 'downward trend' in tariffs across next year:

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