Most invoices now being paid on time
Manx Utilities says it wants to have a ‘better working relationship’ with Isle of Man Energy.
The finance director has described it as ‘less than ideal’ after the MU refused to forward buy gas for the company formally known as Manx Gas.
Simon Clague gave evidence to a Tynwald Economic Review Committee yesterday (28 November) where he was asked why the hedging request was turned down.
Citing overdue invoices, and a lack of financial information, he said since then payments have been timelier: