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:
Plans lodged for quayside hotel and apartments in Peel
A company's submitted a planning application to turn a disused quayside site in Peel into a boutique hotel.
£5,000 fundraiser launched for Buddy's surgery
Could you help give a loving labrador the surgery he needs?
Cruise ship makes Island stopoff
A cruise ship is stopping off in the Island's capital today.
Parents warned over school run parking and driving
Police are asking motorists to take extra care today as children return to school.
Lord Street redevelopment case back in court
A company suing the Department of Infrastructure over plans to redevelop a landmark site in Douglas will be back in court today.
DEFA releases figures on leased land
The Department of Environment, Food and Agriculture has revealed the amount of land it rents out to others.
MNH invites bids to run popular cafe
Manx National Heritage is looking for people to run an iconic café at a beauty spot in the West of the Island.
Fury finally confirms venue for Joshua fight
The venue for Tyson Fury's much-anticipated fight with Anthony Joshua has finally been announced as New York City.
