OFT comments on price hike
Manx Gas tariff hikes had been in the offing for a few weeks, according to the OFT.
It was announced yesterday there would be a 3.5% rise whilst the standing charge would rise by 2.4% - both coming into effect on June 1.
The regulatory agreement in place means any profits the firm makes above 9.9% have to be returned to the customer.
OFT Chairman is Martyn Perkins
Procedures at Noble's Hospital cancelled due to 'significant pressures'
Manx Care experiencing 'very high demand'
Medical Society calls for 'statutory elected body' as chief exec exits Manx Care
IOMMS says it's 'essential that the momentum for fundamental reform is maintained'
Cope out: How did we get here?
Manx Care's five-year history broken down
Teresa Cope: Reaction as Manx Care CEO steps down
What comes next for the Island's healthcare provider?