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Manx Utilities has announce it will freeze electricity prices for another year.

The statutory notice announces there will be no increase in electricity prices for 2017-18 and charges will be unchanged, as follows:

  • Electricity charges for domestic users and commercial users will be frozen at 16.00 pence per unit.
  • The standing charge will remain unchanged at 19.5 pence per day for both domestic and commercial customers.
  • Electric Vehicle tariff will remain at 8.75 pence between midnight and 7am (GMT).

The Chairman of Manx Utilities, Dr Alex Allinson MHK said:

I am pleased to announce that electricity prices will be frozen for the coming financial year. Manx Utilities is committed to delivering high quality and dependable essential services for the Isle of Man. We are very aware of the impact our charges have on the people of this Island and the local economy and have made the decision to freeze electricity prices this year whilst only increasing the water rate by inflation.

We welcome the commitment in the Programme for Government for an independent review of Manx Utilities’ financial position to assess the ongoing stability of our long-term financial plan and look forward to working with Tynwald to ensure the future growth and prosperity of the Island.

In addition Manx Utilities announced that the emergency credit available for prepayment customers will increase from £3.00 to £6.00. Also a 6.4% increase in the water rate, based on Manx inflation (RPI), along with an increase in the sewerage rate at 98.00 pence in the pound. Water and sewerage rates to come into effect from 1 April 2017.

Source: Latest - Electricity, Water and Sewerage Pricing

mua_logoManx Utilities has published the new Electricity tariffs that will take affect from the 1st of April 2016.

The unit price will drop from 16.25 pence per unit to 16 pence per unit for the standard domestic tariff, commercial customers drop from 16.75 pence per unit to 16.00 pence per unit.

Those domestic customers on the Comfy Heat or Electric Vehicle Tariffs will see a reduction of the off peak unit price drop to 7p from 8.75p. Those generating their own electricity will maintain the 8.75 pence per unit buy back price. If your're not already on the Electric Vehicle Tariff then I recommend you contact Manx Utilities. Unfortunately owners of plug-in hybrid vehicles currently can't take advantage of this tariff. EVIOM would like to see this changed.

This all seems like good news, although the daily standing charge will increase from 15 pence per day to 19.5 pence per day for both domestic and commercial customers.

The revised charges are likely to represent approximate monthly increases of £0.85 to the average residential consumer’s electricity bill.

At first glance it seems that EV owners charging overnight on the EV Tariff will see a benefit from these changes.

For full details see statutory notice at: statutory-notice-april-2016.pdf



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