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Gas And Electricity Prices To Be Cut Next Month


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The fuel cost adjustment is to be lowered to zero with effect from the first of March this year.

 

In real terms this will to equate to a reduction of around £33 per year for the average household.

 

Chairman of the Manx Electricity Authority, Eddie Teare, says the reductions have been made possible by careful planning, and he believes the lower tariffs will remain in place for the foreseeable future.

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Eddie Teare, says the reductions have been made possible by careful planning, and he believes the lower tariffs will remain in place for the foreseeable future.

 

Bit late in the day with the old careful planning Eddie, but cheers anyway!

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What's the score on VAT on our 'utitility' bills??

 

Gas is usually 5% VAT, Eleccy I've seen at 17.5% ??

 

Isn't the 'Leccy' bill also a utility? - and if we're paying 5% VAT on Gas, aren't we already paying that to the MEA anyway??

 

I'm confused!

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