Manx Utilities says it's passing on a £10 million fall in wholesale costs to customers.
Last year, the organisation said it would be putting prices up in April, but earlier this month reversed the decision and said it would drop prices instead.
In the House of Keys this week, Arbory, Castletown and Malew MHK Jason Moorhouse quizzed chairman John Wannenburgh MHK about what had led to the change of heart.
Mr Wannenburgh revealed the price of power had fallen:
Hot weather means more wildfire risk, says DEFA
Wildfire warnings have been put up across government land on the Island as hot weather brings increased risks.
More Liverpool ferry delays today
Two more Manannan sailings between the Isle of Man and Liverpool will be running late today.
Did you see crash involving car and motorbike?
Police are asking people to come forward if they saw a crash in the west of the Island at the weekend.
Farm becomes hotbed of gambolling!
A farm in the west of the Island is offering the chance to see lambs being born this week.
Group to hold weekly vigils over Gaza genocide
Amnesty International's Isle of Man group says it'll hold a vigil for the Palestinian people in Douglas this week.
Castletown hit by more vandalism
Vandals have struck again in Castletown.
Mountain Road closes for TT work
A section of the Mountain Road closes later today for a week as work gets underway to make sure it's ready for TT.
£1.4 million of new buses expected this year
The Isle of Man will be getting £1.4 million worth of new buses later this year.
