Gas prices on the Island are set to drop by 16% from the end of January.
Isle of Man Energy has confirmed the decrease following approval from its regulator.
The framework for deciding on pricing is based on observation of the current energy market.
The new tariff will be in effect from January 31 - the next price review will take place in June 2024, with any further updates to the tariffs to be implemented in July.
Still time to nominate Onchan community hero
Black ice closes Mountain Road
Council rejects quiet fireworks for traditional display
Video shows new Douglas motorsport bar concept
Gales cancel weekend Manxman sailings
Stop feeding the birds, say commissioners
Switchback to shut for a week
£20 note could be worth £200