The Office of Fair Trading Chairman says a new agreement with Manx gas is a better deal for consumers, after profit concerns over the Island's sole gas provider.
The utility company has signed a four year deal with the OFT and government, who are to closely monitor the voluntary deal over profit levels.
Manx Gas will continue to set its own prices and tariffs and it's unclear what effect the oversight will have on gas bills.
He says the decision to make the agreement voluntary was carefully considered:
Manx Care spends more than £660,000 on reviews over two-year period
2025 among warmest years on record at Ronaldsway, new Met Office report shows
Chamber backs revised minimum wage rise after government U-turn
DESC begins recruitment process for new chief officer