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Manx Gas MEGA Price Rise


James Blonde
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26 minutes ago, SleepyJoe said:

The contract that guarantees them 5% [previously 9%] return on capital employed?

Let’s not forget they put all their staff on a 20% pay cut over covid. So perhaps if they are now getting guaranteed profits they could confirm that they’re back to paying all staff what they were getting before covid? 

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5 minutes ago, Andy Onchan said:

So you don't think there'll be a termination clause?

Probably. Possibly. It wont be free to invoke. We don't know. That's not the same as refusing to give them gas and putting them out of business though is it?

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7 minutes ago, Happier diner said:

Probably. Possibly. It wont be free to invoke. We don't know. That's not the same as refusing to give them gas and putting them out of business though is it?

if they where in arrears with payments as claimed somewhere or other the mea have every right to not supply them

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Just now, WTF said:

if they where in arrears with payments as claimed somewhere or other the mea have every right to not supply them

Well I guess that's possible. I think they would still have to be given an opportunity to pay but yes that would be an escape clause.

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Not exactly Manx Gas but anyway I'm not an egotist to start a new thread.

My leccy bill has been estimated over by 23 units and I can't be bothered to call and change for about £4 difference, which got me thinking considering the price of leccy is likely yo increase shortly, can you call up and say the leccy estimate is wrong and add say another 200 odd units to the the bill?

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11 minutes ago, Gizo said:

Not exactly Manx Gas but anyway I'm not an egotist to start a new thread.

My leccy bill has been estimated over by 23 units and I can't be bothered to call and change for about £4 difference, which got me thinking considering the price of leccy is likely yo increase shortly, can you call up and say the leccy estimate is wrong and add say another 200 odd units to the the bill?

You certainly could

Technically its fraud though so I wouldn't overegg it too much👍

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9 minutes ago, Asthehills said:

I don’t get the point of this post tbh?  Care to enlighten me?

It’s self explanatory. They haven’t had to subsidize the big consumers to the tune of £18M like the MUA has as they seem to have a very effective hedging strategy to keep electricity costs down. 

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