Minister for Finance Professor Biman Prasad told Parliament today that a review of Fiji’s electricity tariff framework is underway to ensure affordability for consumers while maintaining investor confidence in the energy sector.
He said the government is working closely with Electricity Fiji Limited (EFL) to assess a possible tariff adjustment, following indications from EFL that it may submit a formal request for a review.
“The provision of reliable electricity is vital for economic growth, but tariff stability is equally important to attract investment and protect families from price shocks,” Prof. Prasad said.
The review, led by the Ministry of Finance in collaboration with the Ministry of Public Works aims to strike a balance between financial returns for landowners and investors and affordable power for households and businesses.
EFL is currently pursuing multiple renewable energy projects, including a 21-megawatt solar plant in the Western Division and exploring hydro, wind, and geothermal options.
Mr Prasad said the government is open to providing guarantees for well-structured financing, but warned that all borrowing must align with Fiji’s debt management strategy.
“Our goal is to ensure energy security without compromising affordability or fiscal responsibility,” he said.
