xAugust023941.jpg)
The Manx Electricity Authority's price rise of almost 7% from next month is something we should get used to - according to the Treasury.
The scope of the rise had already been approved by Tynwald - inflation plus 2½% - and that level of regular increase could continue every year until 2015.
Treasury Minister Allan Bell says he has to balance the need to sort out the MEA's finances AND look after vulnerable utility customers:
Bishop's vote...vote...pushed back to January
Debate on Isle of Man Constitution Bill adjourned until the new year
Dates for rebranded Isle of Man Food and Drink Festival announced
'The Big Manx Feast' will return in September next year
Treasury eyes tougher immigration rules to tackle 'risks' facing system
Higher pay requirements and stricter dependant policies to be reviewed by Council of Ministers
Business confidence cools as costs climb and demand outlook weakens, survey finds
Rising labour and energy expenses dominate concerns, while optimism around future demand and profitability remains muted
