- Prices would rise by up to 2.1 pence per unit
- Increase would take effect from mid-October 2021
- Price rise linked to market factors will be reviewed by Manx Gas in 6 months
- Manx Gas says security of supply is the top priority
Manx Gas has announced that it will seek a gas price increase in the Isle of Man from the middle of this month, subject to approval by the Government.
While the exact increase to be applied has yet to be confirmed it will be in line with significant increases in the cost of all forms of wholesale gas currently being experienced across the world.
Jo Cox, CEO of the Islands Energy Group which is the parent company of Manx Gas, said: “This is not a decision we take lightly but having explored all our options we are left with only the difficult choice to seek an increase in the price of gas to be considered by Tynwald at its October sitting.”
“The cost of wholesale gas has quadrupled as energy markets have reacted to a variety of complex influences including a significant number of events across the world, such as Brexit, Covid, storms across America, and unpredictable weather globally. It is a wide range of factors that have combined to affect supply chains in a variety of ways, increasing the cost of many things that are crucial to the supply of gas.
“We are working closely with the Manx Government to ensure they are fully up to date on the situation and that they are able to offer support where they can.”
Manx Gas provides a Priority Customer Care scheme that can offer customers payment plans, ‘Comfort Checks’ for customers at home and further support if needed.
“We understand that news of price increases for customers can cause concern and we would like to remind our customers that they can sign up for our Priority Customer Care service if they would like to discuss any additional support that we are able to give them,” said Ms Cox.
“Our team can be reached on 644444.”