ENERGY Fiji Ltd CEO Fatiaki Gibson has given his assurance that the process of revising electricity tariffs was done transparently.
Mr Gibson said in Nadi yesterday the methodology used for their submissions to the Fijian Competition and Consumer Commission was legislated, and that a review of electricity tariffs was conducted every four years.
“It started from 2019, and there should have been a review in 2023,” Mr Gibson said.
“And FCCC rejected it in February 2024. They asked us to re-submit.
“So, it has taken EFL one full year, from February 2024 to March 2025 to prepare, and to make sure that whatever we propose to FCCC looks after the vulnerable people.
“We are using that methodology that is legislated which is allowable revenue methodology and it’s used internationally by regulators for utilities like EFL.
“It is something that is benchmarked internationally, it’s not something that we came up with overnight.
“And most importantly it is legislated under the Electricity Act of 2017.”
Mr Gibson said the FCCC chief executive officer Senikavika Jiuta was also transparent in her announcement to the media last week on the revised 2025 electricity tariffs.
“So, we are within the law, and we cannot step outside the law,” he said.
“Everything we have done with FCCC overseeing EFL’s submission is within the law.
“And based on that delay in 2023, it took us from April this year up until that announcement was made last week to work with FCCC.
“And they (FCCC) review every detail.
“So, whatever the FCCC CEO mentioned in her announcement, even the subsequent media conferences and press releases that have been done very transparently.
“And it follows the international Electricity Tariffs Mechanism (ETM) and it is under the Electricity Act of 2017.
“I can assure the public and stakeholders that we have operated within the law and everything has been done transparently.”
