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Quirk defends controversial Manx Gas price cut

Profits being returned to customers

The chairman of the Office of Fair Trading has defended a controversial price cut by Manx Gas.

It's after confusion over whether a tariff reduction equated to a rebate the firm's customers were enitled to.

Under a regulatory agreement, the company's profits are capped at 10 per cent a year.

Anything over that has to be handed back to customers.

David Quirk says Manx Gas isn't hiding anything:

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