Island Energy: No plans to remove gas standing charge

The company which provides energy to households on the Isle of Man said it has no plans to change the charging structure, following announcements in the UK Autumn Budget regarding the removal of standing charges.

On Wednesday, Chancellor John Healy announced the removal of standing charges - fixed daily fees paid regardless of usage - from household gas bills in England, Scotland and Wales, with costs added to the unit rate instead.

Island Energy said any proposed changes would be subject to consultation with the Communications and and Utilities Regulatory Authority (CURA) on the island.

A spokesperson warned removing standing charges may benefit some customers but could see others pay more.