Chair says markets are still 'volatile'
Manx Utilities says it cannot guarantee it won’t need to borrow more money to support energy customers.
Electricity prices on the Island are currently capped until the end of March next year.
Speaking to a Tynwald Economic Review Committee today the chairman described the markets as ‘volatile’.
Tim Johnston said despite the global price of gas coming down substantially it’s impossible to be certain of future movements:
Amber weather warning in place tonight
Strong winds to combine with high tide
Ministers to face questions over Minimum Wage rise and VAT
Treasury and Enterprise the focus of several HoK questions following recently approved rate increase
Government outlines TT timetable assessment framework
Government says post-event reviews and feedback surveys are driving long-term improvements and economic benefit
Yellow weather warning for coastal overtopping later this morning
High tides expected to cause waves and debris along exposed coastal routes
