Government can’t keep pumping money into the Island’s utilities to stop people’s energy bills rising.
That’s the message from the Manx Electricity Authority which yesterday announced a 3 per cent price hike.
People will have to pay around £21 more each year for their electricity when the new tariffs are introduced on April 1st.
It’s the first price rise in three years and the MEA says the decision was not one made lightly.
Chairman Howard Quayle says the authority’s high level of debt hasn’t helped the situation:
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