Home / The Isle of Man Gas Opportunity / Economic Options
Marque Oil & Gas
Economic Options
Key economic tests for Isle of Man residents, Government finances and local impacts
| Economic Test |
Gas Development |
Wind Power and Mooir Vannin |
| Price Protection |
YES — lower prices and capped surges for residents. |
NO — no protection from gas/electricity price spikes. |
| Project Support |
YES — no Government price guarantees required. |
NO — no UK CfDs/curtailment payments; may need guarantees. |
| Exchequer Benefit |
YES — benefits expected to exceed wind farm upside. |
UNLIKELY — the stated £2bn benefit is not secure. |
| Resident Bills |
YES — keeps electricity prices low, free of renewable tariffs. |
RISK — potential move from 29p/kWh to ~45p/kWh (+50%). |
| Wider Local Economy |
NEUTRAL — installations not expected to damage tourism or significantly affect fishing. |
BAD — visual impact concern; may negatively impact tourism and fishing. |
The Bottom Line: A Simple Choice
- Option A: A wind farm that raises bills and brings little benefit, or
- Option B: A gas development that brings in higher tax revenues and keeps prices low.
