A 5.1% decrease will come into effect in April
Electricity prices are falling 5.1 percent from April.
Manx Utilities says it had been planning to apply a proposed inflationary increase of 5.7 percent, but that's been reviewed and amended to reflect the reduction in wholesale natural gas prices.
It's thought bills will reduce by around £50 a year.
However, electricity standing charges, water and waste water charges will still increase by that 5.7 percent.
GNAAS member steps down over future of Isle of Man service
Head of Operations for Cumbria and IOM says he's 'truly sorry'
Protest over cancer screening fears cancelled
Breast Cancer Now says it's had written assurances from government ministers
Minister defends sending Ballasalla students to NSC for swimming lessons
Southern Pool said to be too small for increasing class sizes
Children's dental health survey extended to 12-year-olds
Public Health hopes to build a better picture of the Island's situation
