Manx Utilities says it's passing on a £10 million fall in wholesale costs to customers.
Last year, the organisation said it would be putting prices up in April, but earlier this month reversed the decision and said it would drop prices instead.
In the House of Keys this week, Arbory, Castletown and Malew MHK Jason Moorhouse quizzed chairman John Wannenburgh MHK about what had led to the change of heart.
Mr Wannenburgh revealed the price of power had fallen:
Island animal charity appeals for help after relentless bad weather
A local animal charity is asking for help, due to the persistent bad weather on the Island.
Further appeal for witnesses following incident in Ramsey
Police are still appealing for witnesses after a man was assaulted outside Tesco in Ramsey.
Speed restrictions planned for the coast road next week
The Department of Infrastructure says there'll be temporary speed limits on the Ramsey coast road next week.
Hundreds paid by cheque after MiCard scheme scrapped
Hundreds of people are being paid benefits and pensions by government cheque after the end of the MiCard scheme.
No drone zone on Tynwald Day
Flying drones during festivities on Tynwald Day will be banned this year under new regulations from the Department for Enterprise.
Last orders at the bar as ‘Spoons puts counter up for sale
Fancy owning a piece of Douglas nightlife history? The Island’s ‘spoons is selling its actual bar.
Liverpool Ferry Terminal has cost over '£100 million'
The Island's Infrastructure Minister came under pressure to reveal the final cost of the Liverpool Ferry Terminal this week.
Report shows growth in government workforce
The government says the total size of its workforce grew by less than one per cent in the final quarter of last year.
