FCCC announces there will be an increase in EFL tariff rates by 2.74% from the 1st of next month

FCCC announces there will be an increase in EFL tariff rates by 2.74% from the 1st of next month

By Naveel Krishant
Wednesday 18/09/2019
Fijian Competition and Consumer Commission CEO Joel Abraham

The Fijian Competition and Consumer Commission have announced that the electricity tariff will increase by 2.74 percent from the 1st of next month.

The Fijian Competition and Consumer Commission say this is 0.91 cents for domestic, institutions, places of worship and public infrastructure, 1.12 cents for commercial customers, 0.81 cents for industrial customers.

While making the announcement, CEO, Joel Abraham says Energy Fiji Limited had requested for a 17.27 percent increase in tariffs however they have declined it.

He says after nationwide consultation and comprehensive analysis of EFL’s expenditure and power development plans, their findings can only justify an increase of 2.74 percent.

Abraham says they thoroughly scrutinized EFL’s past 10 years of financial performance, including capital expenditure, operating expenditure, financial information, including costs for transmission, generation, distribution, retail, and future plans before arriving at their conclusion.

He says the last tariff review was conducted 10 years ago adding that moving forward, they will conduct reviews every 4 years and will also strictly monitor EFL’s capital and infrastructural investments as provided in their submission.

Abraham says they were also provided assistance by the New Zealand Commerce Commission as part of an interagency cooperation initiative.

No changes to the above rates will be made unless authorised by FCCC.

ADVERTISEMENT

MH Moneygram
MH Online Shopping Banner
FEATURE NEWS
I did not follow the right channel while trying to get Bainimarama and Qiliho to be released for reconciliation ceremony - PM
Prime Minister, Sitiveni Rabuka confirms he did not follow the right channel when he was trying to get former Prime Minister, Voreqe Bainimarama and f...
7 hours ago
LATEST NEWS
Crowne Plaza named best New Resort in Pacific
Crowne Plaza Fiji Nadi Bay Resort & Spa is the winner of the New Hotel - Pacific category and was awarded a Highly Commended for the Fijian ...
7 hours ago

And so, a new chapter begins
The election of the Speaker of the House and paramount chief Ratu Naiqama Lalabalavu as our next head of state was the culmination of a short but ...
7 hours ago

Japanese tourist drowns while snorkelling in Sigatoka amid allegations of insufficient emergency resources
A Japanese tourist has drowned while snorkelling at a prominent resort in Sigatoka early this morning while allegations are being made that there ...
7 hours ago

Kali Masibalavu remanded in custody after being charged with the murder of 25 yr old man outside Suva Harbour Centre
24-year-old Kali Masibalavu who allegedly murdered a 25-year-old man outside Suva Harbour Centre on Saturday will appear in the Suva High Court on ...
8 hours ago

Bainimarama takes Govt and AG to court for allegedly short-paying him $337,211 in pension
Former Prime Minister Voreqe Bainimarama, who is serving a one year prison sentence, has taken the Fijian Government and the Attorney General to ...
8 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
Sashi Kiran appears on fijivillage Straight Talk With Vijay Narayan
Assistant Minister for Women, Children and Social Protection, Sashi Kiran appears on fijivillage Straight Talk With Vijay ...
13 hours ago

Pio Tikoduadua appears on fijivillage Straight Talk With Vijay Narayan
Minister for Home Affairs, Pio Tikoduadua appears on fijivillage Straight Talk With Vijay ...
14 hours ago

Inia Seruiratu appears on fijivillage Straight Talk With Vijay Narayan
Leader of the Opposition, Inia Seruiratu appears on fijivillage Straight Talk With Vijay ...
2 days ago

TOP