Up to 30 megawatts of renewable energy by 2026

[Ham_N_Eggs]

Have the electricity prices ever come down on the Island? How likely is it that the MUA will pass on cheaper prices once the price of gas drops?

Those on a comfy heat tariff (all electric heating not just heat pumps but storage heaters in flats etc) will be paying 21.6p a unit by July (it's a flat 12p increase across all tariffs) so on the lower tariff (2hrs in the afternoon and 6 hours overnight) it is a 125% increase!

[Non-Believer]

3 hours ago, GD4ELI said:

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.

I think that local businesses and residents are facing challenges here that those in Cornwall (and elsewhere) are not.

There is a much smaller society here to spread a relative burden of Govt debt across, it is more "direct" and locals here are (and will be for many years) paying huge PS legacy debts brought upon us by errors and misjudgement in the past, both distant and recent.

This is bearing on every facet of life on the rock, I was in the UK a couple of weeks ago and some of the supermarket food prices I saw for instance weren't anywhere near what IoM residents are paying for the exact same commodities.

This is now becoming a very expensive place to reside and Govt's own charges and involvements are pushing it further and further up IMHO. I don't believe that there is much of a long term plan in place either, other than Govt's own short-term financing and survival of its current structure.

[Happier diner]

2 hours 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.

Only off peak though

[GD4ELI]

7 minutes ago, Non-Believer said:

This is bearing on every facet of life on the rock, I was in the UK a couple of weeks ago and some of the supermarket food prices I saw for instance weren't anywhere near what IoM residents are paying for the exact same commodities.

True, we have good competition here: ASDA, Sainsbury's, LIDL, ALDI and other specialist shops. That's in a region of ~80,000 people so roughly the same as the island.

8 minutes ago, Non-Believer said:

This is now becoming a very expensive place to reside and Govt's own charges and involvements are pushing it further and further up IMHO. I don't believe that there is much of a long term plan in place either, other than Govt's own short-term financing and survival of its current structure.

Well there are some differences - Manx rates are less than my council tax, but I pay < £100 / annum for water as I'm on a septic tank. I'm sure the UK is cheaper for the average person but you can't really expect an island to be the same.

Long-term plan? Not a hope, just muddle along, spend from reserves and get the next boat when there's not much left.

[Happier diner]

13 minutes ago, Ham_N_Eggs said:

Have the electricity prices ever come down on the Island? How likely is it that the MUA will pass on cheaper prices once the price of gas drops?

 

I guess so. But when the £50M that has been spent subsiding it for the last year is paid back, which will be .....never

[jackwhite]

15 minutes ago, Non-Believer said:

I think that local businesses and residents are facing challenges here that those in Cornwall (and elsewhere) are not.

There is a much smaller society here to spread a relative burden of Govt debt across, it is more "direct" and locals here are (and will be for many years) paying huge PS legacy debts brought upon us by errors and misjudgement in the past, both distant and recent.

This is bearing on every facet of life on the rock, I was in the UK a couple of weeks ago and some of the supermarket food prices I saw for instance weren't anywhere near what IoM residents are paying for the exact same commodities.

This is now becoming a very expensive place to reside and Govt's own charges and involvements are pushing it further and further up IMHO. I don't believe that there is much of a long term plan in place either, other than Govt's own short-term financing and survival of its current structure.

Whether you agree with it or not, there is the Island plan, which they've been pushing hard for months now. 

There are things going on to try to build towards it.

Will it achieve the aims or survive the length of time it's supposed to? The honest answer to that is I don't know. 

There are absolutely things that could be done by IOMG that they haven't. The most obvious one is they aren't willing to upset the higher earners at all. I guess they think that will be killing the goose that lays the golden egg. 

I do see more pro-activity from them than under Quayle's leadership. I don't have knowledge of Bell's regime to know.

[Non-Believer]

8 minutes ago, jackwhite said:

I do see more pro-activity from them than under Quayle's leadership. I don't have knowledge of Bell's regime to know.

Bell's regime was largely about protecting his beloved wealthy and getting he and Eddie Teare (he of the "balanced Budgets") through to their pensions with the minimum of hassle and the maximum benefits.

And right on cue to my previous post, we now have this apparently...

 

[Roxanne]

1 hour ago, Happier diner said:

I guess so. But when the £50M that has been spent subsiding it for the last year is paid back, which will be .....never

The £50 offered was never taken up so it's still in the hands of the government.

[AcousticallyChallenged]

5 hours 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?

Isn’t it just a sensible way to even out your electricity load a bit?

It isn’t just about the cheap power, it’s when you’re using the the power and how the power is generated.

It’s just modern day Economy 7. 

[Jarndyce]

30 minutes ago, Roxanne said:

2 hours ago, Happier diner said:

I guess so. But when the £50M that has been spent subsiding it for the last year is paid back, which will be .....never

The £50 offered was never taken up so it's still in the hands of the government.

Let’s face it: £50 was never going to go very far…🙂

[AcousticallyChallenged]

Just now, Jarndyce said:

Let’s face it: £50 was never going to go very far…🙂

It’ll get you a chippy tea soon if you’re lucky…

[Happier diner]

1 hour ago, Roxanne said:

The £50 offered was never taken up so it's still in the hands of the government.

That was the loan. I am talking about what MU are loosing by taking the hit. I was £40M seemingly

https://www.manxutilities.im/news/2023/mar/price-of-electricity-to-rise-but-rates-remain-lower-than-uk/

 

[GD4ELI]

24 minutes ago, Happier diner said:

That was the loan. I am talking about what MU are loosing by taking the hit. I was £40M seemingly

https://www.manxutilities.im/news/2023/mar/price-of-electricity-to-rise-but-rates-remain-lower-than-uk/

 

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

Not after July 1st it isn't, although I do pay a higher standing charge.

[Non-Believer]

3 minutes ago, GD4ELI said:

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

Not after July 1st it isn't, although I do pay a higher standing charge.

Plus, are you still eligible for this? Which may have been extended now due to having cost UK Gov less than anticipated if my memory serves me?

 

[GD4ELI]

7 minutes ago, Non-Believer said:

Plus, are you still eligible for this? Which may have been extended now due to having cost UK Gov less than anticipated if my memory serves me?

 

I did receive (am receiving) the £400, now have solar panels so monthly bills are much lower. As for it being extended - don't know. I'm with OVO who inform me by email of any handouts.