The Fijian Competition and Consumer Commission (FCCC) is currently finalising its assessment of the proposed interim fuel surcharge adjustment submitted by Energy Fiji Limited (EFL).
This is after EFL had proposed a fuel surcharge adjustment of approximately 11 cents per kWH citing significant increases in fuel-related electricity generation costs arising from recent volatility in international fuel markets and broader geopolitical developments affecting global energy supply chains.
FCCC said as part of its assessment, the commission held targeted consultations with key Government stakeholders, consumer advocacy groups and private sector representatives, including engagement with the Consumer Council of Fiji, Fiji Council of Social Services and the Fiji Commerce and Employers Federation, among other relevant stakeholders, to obtain views on the potential impact of the proposed surcharge on households, businesses and the wider economy.
The Commission said while not all stakeholders made formal submissions, FCCC has carefully considered all concerns and feedback raised throughout the consultation process.
It said as part of this process, it has continued to appropriately balance consumer affordability, the cost of doing business and the importance of ensuring the continued sustainability and reliability of EFL’s operations and the nation’s electricity supply services.
The competition regulator said it has substantially completed its assessment and is in the final stages of its regulatory deliberations. A final determination on the matter will be announced soon.
FCCC reiterates that its decision-making process remains evidence-based, transparent and guided by the broader public interest.
