Chair says markets are still 'volatile'
Manx Utilities says it cannot guarantee it won’t need to borrow more money to support energy customers.
Electricity prices on the Island are currently capped until the end of March next year.
Speaking to a Tynwald Economic Review Committee today the chairman described the markets as ‘volatile’.
Tim Johnston said despite the global price of gas coming down substantially it’s impossible to be certain of future movements:
Response from UK awaited on bid to increase Island’s offshore rights
The move is in response to a Tynwald resolution
Backbench MHK alliance hopes to see clearer direction from gov't
Three members working together on alternative policy direction
Andreas Commissioners new play area delivered
It's expected to cost about £85,000
Businesses 'need two freight sailings per day'
Business Isle of Man chief exec gives evidence to Tynwald committee
Emergency crews respond to RTC off the mountain mile
The vehicle was located 10 meters below road level
Ramsey Commissioner welcomes new bus timetable
Juan McGuinness believes the north has had a 'poorer service' previously
