The Fijian Competition and Consumer Commission (FCCC) has implemented a price control order on the retail supply of electricity and associated services, effective from May 25, 2025, and lasting until May 25, 2030. This order was authorized by Deputy Prime Minister and Minister for Trade, Co-operatives, and Small and Medium Enterprises, Manoa Kamikamica, highlighting the government’s commitment to regulating essential services.
The gazette notice clarifies that the FCCC will control prices for all circumstances related to the retail supply of electricity, establishing a framework to protect consumers and ensure equitable access to power. This measure emphasizes the importance of fair pricing in light of rising operational costs and economic conditions.
In relation to previous actions taken by the FCCC, there have been efforts to ensure stakeholder engagement in electricity pricing decisions. For instance, the Commission previously invited feedback from the public and industry stakeholders on the pricing mechanisms established in 2022. The goal of these exercises is to create a transparent regulatory environment that fosters significant participation from all affected parties.
Moreover, Energy Fiji Limited (EFL) has suggested a need for potential price adjustments to support substantial investments, with their ambitious 10-year Power Development Plan estimated to require around $4.3 billion. This program aims to enhance power capacity and promote the shift towards renewable energy sources, which are crucial for the nation’s economic development.
Overall, this latest price control order by the FCCC can be seen as a step towards ensuring a fair and sustainable energy market, allowing consumers to benefit from regulated prices while simultaneously encouraging a transition to a more robust energy system. The ongoing discussions and structured feedback processes reflect a hopeful outlook for continual improvements in Fiji’s energy landscape, aligning regulatory oversight with national development goals.
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