Group argues Island could transition relatively quickly
The latest hike in electricity prices serves as a reminder to the public and private sectors of the urgency in developing a renewable energy generation strategy for the Island.
That's the view of the locally based independent Energy and Sustainability Centre, Isle of Man - a not for profit organisation that acts as an intermediary between government and industry to promote development of a secure, reliable and economic transition to low carbon energy.
The ESC is led by Earth scientist and Chair of the Manx Geological Survey, Dr Dave Quirk.
The group says the rising cost of electricity, gas and oil is an unfortunate but inevitable consequence of economic and political forces beyond the Isle of Man's control.
The ESC says it recognises the significant impact such price rises have on domestic and business customers - especially on vulnerable members of the community, and the uncertainty in knowing where prices are heading in the future makes the situation more difficult.
However the group believes the Island is in the enviable position of being able to transition relatively quickly to renewable energies such as wind and solar, which have the advantage of lower, predictable costs and offer the opportunity of energy security and independence from external markets.