This latest adjustment takes effect from the 1^st of July and brings an overall saving of 16.4% to all natural gas domestic users this year alone.

 

Commenting on the price reduction, Managing Director Alan Bates said, 'We have been able to reduce the unit cost of natural gas to our domestic central heating customers by a further 8.8% due to much greater long term stability in the wholesale natural gas markets. We monitor these markets extremely closely and where we have seen volatility in the market during recent years, we are now seeing a stronger UK natural gas import infrastructure giving the market increased confidence that we are entering a more stable period.'

 

This reduction will be a welcome saving to the natural gas users in the Douglas, Onchan, Union Mills and Glen Vine areas but will not apply to LPG users. Alan Bates explained, 'The LPG wholesale market is completely different to natural gas and has not shown the same stability. LPG prices are still high because the market is linked to crude oil which is extremely volatile at present. We will continue to monitor this but the market unfortunately shows no signs of imminent improvement.'

 

With effect from 1^st July the price per unit for natural gas will reduce by 0.481 pence, a saving of 8.8% which, when linked with the earlier reduction in April, makes a combined saving of 16.4%.

 

Manx Gas is a multi-faceted gas utility company, working for the Isle of Man and making gas available Island-wide. It operates a one-stop 'shop' for all gas needs, from supplying and maintaining the gas, through to planning and installations, servicing support, plus the sale of new appliances. A round-the-clock safety and emergency service is provided.
Manx Gas directly employs around 100 people and provides regular work for well over 100 CORGI-registered gas installers. About 200 local companies supply goods and services to Manx Gas. The company operates a fleet of support vehicles, from bulk gas containers to cylinder delivery wagons, mains layers and customer service vans. It maintains more than 250 miles of underground pipelines.

 

 

Alan Bates, Managing Director Manx Gas Limited.

Tel: 01624 644444 or email: alan.bates@manxgas.co.im