Gas tariffs to drop later this month

But they'll be reviewed again in December for 2023

Gas tariffs on the Isle of Man will drop by nearly 25 per cent from later this month until the end of the year.

CURA has confirmed from Monday, 14 November, tariffs will drop from 22.21p/unit to 16.67p/unit until 31 December.

On 19 October, the authority triggered a review of prices and published a notice stating its intentions.

The organisation said it believed 'due to recent price movements on the wholesale gas commodity market, a reduction of tariffs may be warranted.'

CURA adds prices will be reviewed again in December for the 2023 period.

You can view CURA's report here.