Inflation and Fuel Costs Leads to Increase
The MEA has released details of an increase in electricity charges.
There’s to be a 1.04% rise in electricity costs, which will apply for all domestic, commercial and maximum demand customers.
The increase comes in-line with inflation, and also ever increasing fuel-costs.
The price hike was originally agreed in Tynwald back in 2005, MEA chairman Quintin Gill said that if everything goes to plan then there will be no need for major increases or price changes in the future.
The increase will come into force from the 1st September.
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