It will take effect from 1 January
Isle of Man residents will be paying 13.8 percent less for gas in the new year.
The Communications and Utilities Regulatory Authority has confirmed new tariffs for regulated tariff customers will take effect from 1 January.
It follows a review into Isle of Man Energy by CURA which took into account commodity price and demand assumptions and forward prices for 2025.
The changes will mean the cost decreases from 11.33p per unit to 9.76p.
Another review has been planned for June next year.
You can find the full statement HERE.
Local cricket club celebrating 150th anniversary with former England international to guest
Steam Packet 'confident' in Manxman's November return
How will global oil prices impact Manx customers?
Auction opens for box seats at Samantha Barks candlelit concert