Treasury says government will have 'significant costs' ahead in renewable energy push

Alex Allinson believes energy security is vital following massive price increases prompted by world events

The treasury minister says government is going to have 'significant costs' ahead as the Isle of Man pushes towards renewable energy.

Alex Allinson says price shocks prompted by global events highlight the need for energy security.

The Island’s interconnector to the UK, now nearly 20 years old, is set to play a key role in plans to fully decarbonise electricity by 2030.

However, the upgrade is expected to cost more than £100 million: