Summary
Prices for electricity, water, and sewage services on the Isle of Man will increase starting in April. Electricity prices will go up by 1.5%, and water and sewage charges will rise by 2.9%. The aim is to maintain service reliability and financial sustainability.
Key Facts
- Electricity prices on the Isle of Man will increase by 1.5% from April.
- Water and sewage charges will rise by 2.9%, matching the September inflation rate.
- A typical household using 2,700 kWh of electricity annually will see their bill go up by £14 to £937.
- Manx Utilities, the island’s utilities provider, chose to lower the electricity tariff update from 2.9% to 1.5%.
- In recent years, the company absorbed £40 million of higher wholesale energy costs instead of raising customer bills.
- Most of the island's electricity is generated using natural gas, which affects costs due to market and geopolitical factors.
- Manx Utilities has secured 75% of its natural gas needs for 2026/27 to manage price risks.
- Despite increases, electricity rates are expected to stay in line with average UK levels.
