Measure seen as a "last resort"
A bill - which would allow a financially distressed energy supplier to be placed into a form of special administration - has been given its second reading in The House of Keys.
The Council of Minister's and Tynwald's approval would be needed.
Environment Minister Clare Barber has stressed this measure exists as a last resort:
MNFU calls for stronger legislation to protect livestock
Farmers continuing to face threat of dog attacks
Douglas man to stand in 2026 general election
Peter Shimmin will be hoping to secure a seat in Douglas Central
Population challenges 'have gone from vulnerabilities to extremes'
Paul Craine MLC warns 'flatlining' population is impacting economy
The battle to keep public rights of way clear
Team responsible for maintaining footpaths hoping to repeat success of Cregneash route