On Air Late Lunch Howard Caine & Sarah Hendy | 1:00pm - 3:00pm

OFT says Manx Gas is acting responsibly

 

Prices may be rising, but the Office of Fair Trading says Manx Gas is acting responsibly.

It was announced on Tuesday gas prices would be increasing by 2.9% per unit as of September 12.

On average, that means more than £20 extra - per year, per user.

The move is being blamed on mild weather, but is predicted to keep the company’s profits within the acceptable returns range established by a 2008 report.

OFT Chief Officer Mike Ball:

 

Clip 1

More from Isle of Man News