Electricity prices on the Isle of Man could rise by up to 39%.

Manx Utilities chairman Rob Callister MHK this week a rise between 5% and 39% is currently being considered by the body.

However, he told the House of Keys he isn’t in a position to confirm the final tariffs at this point.

Mr Callister told MHKs: ’We’re watching an extremely volatile around Russia’s invasion of Ukraine which could create further pressure for the energy market.’