The Manx Utilities Authority says it made an operating surplus of more than £26 million last year.
Its annual report for 2020/21 is on the agenda during this month's Tynwald sitting.
In the document, the MUA says it sold £2.5 million less electricity over the 12 months because of the coronavirus lockdown periods.
But selling £3.8 million worth of power to the UK meant it could cut electricity prices by more than a penny per unit on the Island.
Weather warning for snow tonight
A yellow weather warning about more freezing weather will come into force later.
MHK queries safety at primary school in Ballabeg
An MHK will raise the issue of safety outside a primary school in the south of the Island next week.
Gales put two ferry sailings at risk tonight
Two Steam Packet Company sailings overnight could be facing disruption.
Should the Island throw a birthday party for Barry Gibb?
As tourism business owner has suggested the Isle of Man hold a huge event to mark Sir Barry Gibb's 80th birthday this year.
Warning issued over icy roads
Ice and frost is causing havoc on the Island's roads this morning.
High ground could see 4 inches of snow on Saturday night
The Island's Met Office has issued another weather warning for snow and sleet over the weekend.
Mountain Road unlikely to open before Monday
The Department of Infrastructure says the Mountain Road is unlikely to open this weekend.
Yellow warning for freezing temperatures tonight
Ronaldsway Met Office has issued a yellow weather warning about freezing conditions.
