Prices may be rising, but the Office of Fair Trading says Manx Gas is acting responsibly.
It was announced on Tuesday gas prices would be increasing by 2.9% per unit as of September 12.
On average, that means more than £20 extra - per year, per user.
The move is being blamed on mild weather, but is predicted to keep the company’s profits within the acceptable returns range established by a 2008 report.
OFT Chief Officer Mike Ball:
Clip 1
Chief minister announces plans for new 'specialised border agency'
New measure to improve border security says Alfred Cannan
Demonstrators gather as Tynwald to debate assisted dying legislation
Bill's mover says amendments will strengthen safeguards
Hopes Island will have homelessness legislation by March 2027
Tynwald asked to receive consultation responses at June sitting
"Hear us out": Campaigners to speak to Tynwald members after UK social media ban
Calls for similar restrictions to be implemented on the Island