Manx Gas customers will be hit with a 3.5 per cent price rise from the end of next week.
Standing charges are due to go up by the same percentage, too.
It means the average bill will go up by around £27 a year.
The firm's commercial director, John Davies, says it can no longer absorb rising global energy costs:
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Livestock worrying laws to be reviewed
The review will look at how any changes could be made practical, fair and enforceable
'Not enough things for us to do'
Students discuss Island opportunities after vising annual employment fair
MHK calls for 'clear plan' for town's Post Office
IOMPO seeking expressing of interest
Port Erin Commissioners to work with 'community rangers' to repair dry stone walls
Described as 'fantastic opportunity' for both organisations
