Electricity tariff rate to be reviewed every four years
September 18, 2019 12:47 pm
The electricity tariff rate will now be reviewed every four years by the Fijian Competition and Consumer Commission.
FCCC Chief Executive Joel Abraham confirmed this while announcing the 2.74 percent tariff rate increase.
Abraham says this is a minor increase as affordable electricity is essential for all Fijians.
“The last tariff review was conducted about ten years ago and moving forward, FCCC will conduct reviews every four years and will strictly monitor EFL’s capital and infrastructural structure investment as provided in their submission.”
Energy Fiji Limited had proposed an increase of 17.27 percent but this was not approved after the FCCC scrutinized EFL’s financial performance for the last 10 years.