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:
Ramsey Remembrance service to be marked by maroon rockets
Ramsey commissioners say maroons will fire next month as the town holds its remembrance events.
MEDS phone line to be down temporarily
Manx Care says the phone line for Manx Emergency Doctors Service will be temporarily out of service tomorrow.
Committee to examine link between poverty and poor academic performance
A Tynwald committee will hear evidence from education department bosses next month as it looks into links between poverty and poor academic performance.
Police advice for trick-or-treaters to stay safe
The police are giving advice for kids on how to keep safe whilst trick-or-treating.
How will Manx Care reduce the number of negligence claims?
What improvements are being planned by the health service to reduce the risk of future clinical negligence claims and payouts?
Manx Language Festival to be held next week
The Annual Manx Language Festival will be held next week.
Manxman sailings in doubt from tomorrow
Four ferry sailings are at risk of being cancelled this week due to bad weather.
Car falls down steep bank on Mountain Road
Multiple emergency services were called to a car crash this morning on the Mountain Road.
