Advertisement

Mixed news on gas prices

by isleofman.com 18th January 2008
Natural gas prices in the Isle of Man will remain unchanged, despite energy suppliers in the United Kingdom bringing in further increases.

Manx Gas says forward buying has enabled the company to maintain existing pricing for natural gas users in Douglas, Onchan and Glen Vine.

And it's working with the government to consider the potential for extending natural gas to Ramsey, Peel and the south of the Island.

James Davis reports (text, below, from attached audio file):

Currently customers in these areas use liquid petroleum gas, or LPG, which is shipped and not piped into the Island, and more prone to price fluctuations. International crude oil prices have risen considerably recently and Manx Gas says this means they will have to put prices up in this instance.

A fuel cost surcharge of 0.93 pence per unit will be added from February 1 for LPG users only. This equates to a 13. 2 % increase for LPG central heating customers.

Alan Bates, Managing Director of Manx Gas, says when oil prices drop, the surcharge will be reduced or removed as soon as possible, and if Island-wide natural gas does become available gas pricing will become much more stable.

(Picture: Alan Bates).


Posted by isleofman.com
Friday 18th, January 2008 12:21pm.

Popular Articles

Upcoming Events

Bridge Club

Monday is Bridge Day at the Onchan Pensioner's Social Club   We have two bridge clubs that meet on a weekly...
12 May

Nobles Parkrun

A free, fun, and friendly weekly 5k community event in Nobles Park.  Walk, jog, run, volunteer or spectate...
17 May
View More
Advertisement

You also might be interested in

Stephen Savage joins Quinn Legal’s Corporate and Commercial legal team.

Business

When the clocks sprung forward we lost another precious hour of sleep

Health & Wellness

The GFoGE guide to obstacle races & why should you do one.

Sports & Leisure

Why not take a "Wallaby" walk in the Curragh?

Nature & Wildlife

Hop-tu-Naa is an ancient festival celebrated on the Isle of Man

Visitor Guide

The Isle of Man hosts many traditional ceremonies throughout the year

Visitor Guide