Gas prices to fall on IOM?

The CEO of Isle of Man Energy - Jo Cox - says she expects a tariff review which could lead to a drop in gas prices on Island.

In a statement sent to 3FM - IOM Energy says given the commodity price of gas falling recently, a tariff review has been triggered.

Further, the company is providing all the necessary financial information required. 

Jo says after 'many months of extreme volatility and high energy prices, we're pleased the forward price of gas has reduced in the past month.'

She adds this is 'great news for customers, and hopes this will ease some of the financial pressures many have experienced during the cost of living crisis.'

Tariffs on Island currently stand at 16.67p/unit.