Up to 30 megawatts of renewable energy by 2026

[AcousticallyChallenged]

On 2/22/2023 at 2:22 PM, CallMeCurious said:

Planet will be fine and so will we, unless we spaff money on virtue signalling our 'massive' 0.0001% of global CO2 emmisions while still not solving the heavy goods transport or public transport. Guess the plan was always to lower the standard of living for all but the wealthiest rather than reduce suffering and starvation

Fossil fuels will run low eventually.

Do we really want to be a tiny buyer in a big pond when it gets to that stage? The island would be over a barrel. 

[John Wright]

Manx Utilities today announced a two-stage increase of prices.

The standard domestic rate tariff will increase from 22 to 28 pence per unit on April 1 with a further rise on July 1, taking prices to 34 pence per unit.

[GD4ELI]

5 minutes ago, John Wright said:

Manx Utilities today announced a two-stage increase of prices.

The standard domestic rate tariff will increase from 22 to 28 pence per unit on April 1 with a further rise on July 1, taking prices to 34 pence per unit.

From Rob C.'s Facbook:

NEWS RELEASE - 6th March 2023

Manx Utilities has announced a two-stage increase of the Island’s electricity prices.

The standard domestic rate tariff will increase from 22 to 28 pence per unit on 1 April 2023 with a further rise on 1 July 2023 taking prices to 34 pence per unit.

The price of electricity in the Isle of Man will still be lower than in the United Kingdom.

Wholesale natural gas prices drive electricity prices in Europe, the UK and the Isle of Man and these wholesale natural gas prices have increased by as much as 500% in the past 18 months.

Manx Utilities has shielded customers from this market volatility through a combination of forward purchasing of gas, which has reduced customer bills by £40 million, absorbing price rises by using reserves and cost control measures.

It is no longer sustainable for Manx Utilities to absorb price rises with a deficit of around £50 million anticipated for the current financial year.

Although the wholesale cost of gas has come down from its record high, in the medium-term prices are expected to remain around three times the level before the energy crisis began in 2021.

Chair of Manx Utilities, Tim Johnston MHK, said: “We are very conscious of the impact that this will have on our customers and the decision to recommend an increase to electricity prices is not one the Manx Utilities Board has made lightly.

“Specialist consultants were brought in to review the business and tariff structure to ensure any increase was appropriate. The aim has been to minimise the cost to our customers whilst ensuring Manx Utilities can continue to meet its financial obligations. Manx Utilities is not immune from the impacts of the global energy crisis.

The Board has been working hard to shield customers from the cost increases we have been facing over the last two years but we have reached a point where we cannot continue to do so. However, we will continue to review wholesale energy costs to ensure our tariffs remain as low as practicable.

“As always, I would encourage customers who are worried about electricity bills to please get in touch with Manx Utilities who are best placed to help with advice and support.”

Customers who are concerned with their ability to pay for their electricity can contact Manx Utilities’ customer care team on accounts@manxutilities.im or by calling 687675 or using the Freephone telephone number 0808 1624 115.

Further information about additional support available for households can be found at

https://costoflivingsupport.gov.im/

[GD4ELI]

"The standard domestic rate tariff will increase from 22 to 28 pence per unit on 1 April 2023 with a further rise on 1 July 2023 taking prices to 34 pence per unit."

Not strictly true - 34p is on par with the UK with some UK providers cheaper.

[2112]

2 minutes ago, GD4ELI said:

"The standard domestic rate tariff will increase from 22 to 28 pence per unit on 1 April 2023 with a further rise on 1 July 2023 taking prices to 34 pence per unit."

Not strictly true - 34p is on par with the UK with some UK providers cheaper.

It doesn’t really make any difference, Island residents are paying increased costs and so are businesses which in turn push up their prices. In turn for businesses, it becomes unprofitable, and they close, and it has consequences. 

[GD4ELI]

4 minutes ago, 2112 said:

It doesn’t really make any difference, Island residents are paying increased costs and so are businesses which in turn push up their prices. In turn for businesses, it becomes unprofitable, and they close, and it has consequences. 

We're 6 to 12 months ahead of you here in Cornwall, few companies have closed as a result. Belts tightened, efficiency implemented. Yes, prices have risen and the food I buy in ASDA quite considerably, but in general things are bopping along.

Only noticeable effect is fewer visitors over half-term. Some National Trust properties were empty.

[cissolt]

Can we expect to see the green party energy subsidy removed with these increases?  Or are we still subsiding Daphne and friends electric bills?

[Happier diner]

1 hour ago, 2112 said:

It doesn’t really make any difference, Island residents are paying increased costs and so are businesses which in turn push up their prices. In turn for businesses, it becomes unprofitable, and they close, and it has consequences. 

That's kind of stating the obvious. Is there a solution?

[Gladys]

30 minutes ago, cissolt said:

Can we expect to see the green party energy subsidy removed with these increases?  Or are we still subsiding Daphne and friends electric bills?

What green party subsidy and why is there one?  

I hope that is just a satirical observation. 

[WTF]

15 minutes ago, Gladys said:

What green party subsidy and why is there one?  

I hope that is just a satirical observation. 

if you have an electric vehicle and the MEA have fitted a charging station at your address the whole house is put on a slightly lower price band per unit, it isn't a huge cost reduction, i don't have the numbers and wouldn't want to guess but i doubt it is a substantial saving over us planet killing petrol heads.

[Gladys]

15 minutes ago, WTF said:

if you have an electric vehicle and the MEA have fitted a charging station at your address the whole house is put on a slightly lower price band per unit, it isn't a huge cost reduction, i don't have the numbers and wouldn't want to guess but i doubt it is a substantial saving over us planet killing petrol heads.

Aah, gotcha. 

[mad_manx]

55 minutes ago, WTF said:

if you have an electric vehicle and the MEA have fitted a charging station at your address the whole house is put on a slightly lower price band per unit, it isn't a huge cost reduction, i don't have the numbers and wouldn't want to guess but i doubt it is a substantial saving over us planet killing petrol heads.

Isn't that just off peak electricity  if you have the EV tariff..

[Bombay Bad Boy]

Has to be a pure EV too, a plug in hybrid doesn't count.

[cissolt]

1 minute ago, mad_manx said:

Isn't that just off peak electricity  if you have the EV tariff..

Do prepayment meters or gas customers receive half price off peak electricity?

 

[hissingsid]

Will the electric busses get a special rate 🤔.