The Fijian Competition and Consumer Commission has announced that it has struck down the request by Energy Fiji Limited to increase electricity tariffs by 17.27 percent.
Chief Executive of FCCC says that after nationwide consultation and comprehensive analysis of the Energy Fiji Ltd’s expenditure and power development plans, the Consumer Commission decided that only a 2.74% increase could be allowed of 17.27% proposed.
Abraham adds that Fijians must have affordable access to electricity therefore, FCCC could not allow such drastic increase in the tariffs.
The new electricity tarrifs for domestic, institutions, places of worship and public infrastructure will be 0.91 cents per unit while commercial and industrial customers will pay $1.12 and $0.81 per unit of electricity used.
The new electricity rates are expected to take effect on 1st of October.
New Zealand Commerce Commission was also called in to assist the Fijian Commerce Commission as part of an inter-agency cooperation.