Residents of Sark will not face electricity price increases this month.
In a letter, Sark Electricity Ltd's director David Gordon-Brown says the rise will be put on hold while talks continue over a so-called 'Bailiwick option' of selling the company to Guernsey Electricity.
Mr Gordon-Brown said the idea had 'near unanimous consensus' among residents and that the company would make a 'gesture of good faith' while it and Conseillers on the island worked towards a deal.
The company has been locked in a stand-off with islanders over the cost of electricity, with 98 islanders signing a letter to say they refuse to pay 'excessive' charges put forward by the company.
However, Mr Gordon-Brown says that this move would help bring down the cost for consumers.