{"id":711833,"date":"2026-07-26T10:30:13","date_gmt":"2026-07-26T10:30:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/711833\/"},"modified":"2026-07-26T10:30:13","modified_gmt":"2026-07-26T10:30:13","slug":"too-soon-to-price-up-new-interconnector-says-mu-chair","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/711833\/","title":{"rendered":"Too soon to price up new interconnector says MU chair"},"content":{"rendered":"<p>                <img decoding=\"async\" class=\"aiir-c-news-figure__image\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/07\/322930-1.jpg\" alt=\"\"\/><br \/>\n                                    Picture credit: Manx Utilities<\/p>\n<p class=\"aiir-c-news-article__abstract\">\n            New subsea cable is years away from reality\u00a0\n        <\/p>\n<p>The chair of Manx Utilities says it&#8217;s far too early\u00a0to say how much a new interconnector could cost.<\/p>\n<p>John Wannenburgh says\u00a0an estimated \u00a3200m figure is only &#8216;indicative&#8217; and an &#8216;estimate should be regarded as a high-level planning figure which is likely to vary if and as the project develops&#8217;.<\/p>\n<p>He told Tynwald this week: &#8220;The eventual cost will depend upon a range of factors including detailed design, procurement strategy, regulatory requirements, grid connection arrangements and prevailing market conditions at the time of construction.\u00a0<\/p>\n<p>&#8220;In particular international commodity prices, supply-chain pressures and wider economic conditions have shown considerable volatility in recent years, making long-term cost forecasting inherently uncertain.&#8221;<\/p>\n<p>He added that even if the scheme was greenlit today the &#8216;earliest realistic commissioning date would be around 2031&#8217; meaning\u00a0any current estimate is based on assumptions regarding future market conditions several years in advance.<\/p>\n<p>A new interconnector\u00a0forms part of government&#8217;s plans for longer-term energy transition planning and is being considered alongside renewables, energy storage and wider network investment.<\/p>\n<p>                    More from Isle of Man News<\/p>\n","protected":false},"excerpt":{"rendered":"Picture credit: Manx Utilities New subsea cable is years away from reality\u00a0 The chair of Manx Utilities says&hellip;\n","protected":false},"author":2,"featured_media":711834,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,96,758,755,756,757,128,50,759,56,54,55],"class_list":["post-711833","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-entertainment","tag-fun","tag-isle-of-man","tag-manx","tag-manx-news","tag-music","tag-news","tag-presenters","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/711833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=711833"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/711833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/711834"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=711833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=711833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=711833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}