Energy company says buying strategy is helping keep bills low

Isle of Man Energy says its hedging strategy is helping protect customers from rising global gas prices.

The company explains it's achieved this by securing most wholesale gas costs through to the end of 2026, limiting the impact of unpredictable global markets on customer bills.

In a statement, it adds any price increase after the June review with the Island's regulator is expected to be 'modest'.

Customers who are worried about paying their gas bill are encouraged to contact the company as early as possible to discuss support.