Manx Gas, following formal consultation with the Office of Fair Trading under the Regulatory Agreement, is reducing its tariffs by 3.6 per cent which will take effect from 6 September, 2016.
Managing director Tony Nicholls said: “We are lowering our prices by 3.6 per cent from the 6th September. This is in addition to the 3.5 per cent reduction in April this year and the 3.5 per cent reduction made back in January 2016.
“We are very pleased that we’re able to reduce prices by 10.6 per cent this year. These reductions, together with the Regulatory Adjustment which reduces the price of every unit of gas purchased for the next 12 months by 0.0891 p per unit, are hard evidence that the Regulatory Agreement is working for consumers.”
Mr Nicholls added that the reduction is a result of lower priced natural gas purchases and continued operational efficiencies together with higher than forecast gas outputs in the first half of this year.
“The 3.6 per cent reduction will represent a further reduction of ?20 per year for the average central heating customer. That’s a total reduction of ? 61 per year.”
Researching your Manx family history can be a very interesting and rewarding hobby. Trace your roots in the Isle of Man with our helpful of guide.
