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:
Additional payments to Meat Plant Board have stopped, says DEFA
Statement issued after backlash from Island's agricultural sector
Ramsey Commissioners says rates increase due to rising 'day to day' costs
Local authority has announced 18 pence increase for the 26/27 financial year
Firefighters respond to house fire in Ballasalla
Cause thought to be the 'auto ignition' of clothes removed from a tumble dryer
Manannan replacement will prioritise year-round connectivity over speed
Ferry operator says new vessel will 'inevitably' be slower
