Chair says markets are still 'volatile'
Manx Utilities says it cannot guarantee it won’t need to borrow more money to support energy customers.
Electricity prices on the Island are currently capped until the end of March next year.
Speaking to a Tynwald Economic Review Committee today the chairman described the markets as ‘volatile’.
Tim Johnston said despite the global price of gas coming down substantially it’s impossible to be certain of future movements:
Vote on Castle Rushen High School funding 'very unlikely' before election
It had previously been hoped Tynwald would consider the plans in June
Ramsey Commissioners to host public meeting about cottage hospital
Commissioner Juan McGuinness says residents deserve 'clarity' about ongoing situation
DfE provided more than £250,000 to MT to assist with below ground fibre installations
Minister says figure was to ensure premises deemed not commercially viable could be included in rollout
Man given suspended sentence after importing 2kg of cannabis to Island
37-year-old was found guilty at trial