Latest Electricity, Water and Sewerage PricingPublished On: Tuesday 27 February 2018 14:12
Electricity, Water and Sewerage Pricing
Manx Utilities has published its annual statutory notice to customers providing information on electricity pricing and water and sewerage rates to come into effect from 1 April 2018.
The statutory notice announces:
- Electricity prices for 2018-19 will be as follows:
- Electricity unit charges for domestic users and commercial users have been increased within the 2% increase limit previously announced.
- Electricity standing charges are unchanged, at 19.5 pence per day for domestic and commercial users.
- Electricity unit charges for industrial users will also increase below the 2% increase limit and standing charges will be unchanged.
- There is no increase in the water rate (341.8 pence in the pound) as agreed by Tynwald in October 2017.
- There is no increase in the sewerage rate (98.0 pence in the pound) as agreed by Tynwald in October 2017.
- Charges for septic tank emptying are remaining unchanged.
The Chairman of Manx Utilities, Dr Alex Allinson MHK said:
“I am pleased to confirm that water and sewerage charges will be frozen for the coming financial year as agreed by Tynwald last October following the £95 million reduction of the debt due to Treasury. Manx Utilities has limited necessary increases in electricity unit prices to a maximum of 2%, an amount below the level of inflation and standing charges for electricity remain unchanged. Manx Utilities have also commenced the process of undertaking a pricing strategy review and is on schedule to deliver a report on its future pricing to Tynwald by October 2018. Despite worldwide energy price increases, these changes will mean we have managed to restrict the price rise for domestic customers to 1.88% and further limited the rise in the Comfy Heat tariff for customers with electric heating to 1.43%.
My Board and I are very aware of the impact of utility charges on our customers and the economy of the Isle of Man, which is why we have not increased electricity prices for the last two years. We, supported by the Manx Utilities’ workforce, are also committed to efficiently delivering high quality essential services for the Isle of Man and welcome the opportunity to work with the Government to provide a sustainable pricing strategy that ensures the financial sustainability of Manx Utilities without placing an undue burden on our customers.”