Latest News Headlines
On-Air Now
Listen Live
Facebook

MEA bailout criticised

Thu, 11 Aug 2011


The recent £14.5m bailout of the MEA has sparked anger from the Liberal Vannin Party.

The government came up with the package to allow electricity prices to be frozen for the next two years, after complaints from the private sector over high energy prices.

Half of the money has come from relief from interest charges and the rest from capital advances.

Although it's in place now, it will have to be approved in next year's budget.

Lib Vannin says it's sent shock waves through the party and claims the move, which was recommended by CoMin, is 'blatant electioneering.'

The party says the group has no statutory authority to be able to introduce this measure.

 


Bookmark and Share

 

 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed