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:
Rapists's appeal against sentence thrown out
A rapist who was jailed for more than 18 years after subjecting his girlfriend to an hours-long ordeal of sexual violence has had an appeal against his sentence thrown out.
Last chance to become next TT's charity partner
Today's your last chance to apply to become next year's official TT charity partner.
No gas price hike after regulator review
The Island's regulator says there'll be no gas price rises until at least the end of the year after a review.
Cafe hits back after staff abused
A café in the south of the Island has hit back after a man abused two young members of staff during their first day on the job.
Online appointments being considered by sexual health clinic
Health Minister Claire Christian says the Island's sexual health clinic gets around 300 phone calls a week - and Manx Care is considering an online appointments system.
Treasury can’t say how much is made from medicinal cannabis
Treasury Minister Chris Thomas says he doesn't know how much money medicinal cannabis has put in the government's coffers.
Road closures planned for tin baths this weekend
One of the highlights of Castletown's summer calendar takes place this Saturday, with a number of road closures planned for the event.
DOI has no junction safety concerns over Iceland plans
The Department of Infrastructure says it doesn't have any safety concerns about a junction near a proposed new Iceland store in Braddan.
