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Have you made your views known to the Isle of Man Office of Fair Trading? 5 January 2006

    As part of the investigation launched by the Office of Fair Trading into the price of energy in the Isle of Man, the Office has sought the views of the public on the price, purchase, distribution and charging mechanisms of energy suppliers on the Island. The investigation will determine whether the prices being charged for petrol and diesel, electricity, gas, central heating oils and solid fuels are excessive and whether recent price movements are wholly due to increases in wholesale prices.

    The Office has received comments from a number of members of the public but would like to remind others who are interested in making comments that the final date for submission is Friday 14th January 2006.

    The Chairman of the Office of Fair Trading, Quintin Gill MHK said, "I am pleased that a small number of persons have taken the opportunity to make known their views. We have received comments from consumers and from persons with experience of the energy market but we would still like to hear from anyone else who can contribute to this vitally important investigation. It is a surprise that no organisations or commercial interests have submitted their views so far and if they still wish to have their views considered I would urge them to contact us in writing before the end of this week.

    The views submitted can be treated as confidential, if requested, but otherwise will be included in the final report on the investigation when it is produced for the Council of Ministers to consider and ultimately published in Tynwald."

    NOTES

    The investigation is being carried out under Section 19 of the Fair Trading Act 1996 which enables the Office of Fair Trading to conduct an investigation into any price which is of major public concern with a view to providing the Council of Ministers with information. The last investigation into gas prices was carried out in 2000 and therefore preceded the introduction of natural gas.

    In 2001 the Fair Trading Act was amended to provide the Council of Ministers with additional powers to make a Tynwald Order that can either fix prices or require them to be determined in a particular way.

    5th January 2006

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