31 minutes | Thursday, 25 May 2023
As residents in the UK prepare to pay less towards their energy bills from July, people on the Isle of Man are bracing for price hikes.
Manx Utilities announced a two-stage increase of the Island's electricity tariffs - the first increase came into force in April with a further 30-percent rise expected at the start of July.
People can also expect another increase of at least 10-percent next year, according to a financial review by the economic consulting company NERA.