Manx Utilities seeks 5.7% sewerage rate rise
The request to increase the rate is subject to Tynwald approval next month
At a glance
Manx Utilities is seeking a rate rise of 5.7% based on inflation
The increase, which requires Tynwald approval, will be debated in December
A five-year pricing strategy will be extended by 12 months to factor in "significant volatility" the wholesale gas market
The firm said electricity and water tariffs would likely also rise in line with inflation
- Published
A proposal to implement a 5.7% hike in sewerage rates on the Isle of Man has been put forward by Manx Utilities.
The government-owned utilities provider is set to increase water and electricity rates by inflation from April, but needs Tynwald approval for changes to the sewerage rate.
The change is set to cost Manx households about £19 more a year and increase the firm's annual revenue by £800,000.
The planned inflationary rises coincide with the extension of the firm's pricing strategy for a further year.
'Reviewed and updated'
The authority's current pricing strategy was agreed by Tynwald in 2018 and was in effect until 1 April this year.
Manx Utilities said more time was needed for the strategy to be "reviewed and updated" due to the "significant volatility in wholesale energy markets over the last two years".
MU will formally request approval for the increase at the December sitting of Tynwald.
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