Fiji Time: 6:47 PM on Wednesday 10 February

Fiji Times Logo

/ Front page / News

Focus on tariffs

Nasik Swami
Wednesday, March 19, 2014

THE unreasonably high tariff rates for electricity are an area of concern for the Fiji Labour Party.

Party leader Mahendra Chaudhry said despite an after tax profit of $75.3million for its past financial year, the tariff rates were very high.

"For its last financial year, FEA announced a whopping profit of $75m after tax.

"This was undoubtedly achieved at the expense of thousands of poor families who were removed from its lifeline rate following tariff restructure implemented in 2010/11," Mr Chaudhry said.

"Since then FEA's profits have shot up enormously," Mr Chaudhry said.

He said FEA's role was to provide an essential service to the people of Fiji at an affordable rate.

"While it is entitled to cover its operating costs and provide for asset replacement and expansion of its activities, these are long-term commitments spread over a period of years."

Mr Chaudhry said the high profit levels announced by the authority last year was unconscionable considering that at least 35 per cent of our people in rural areas and outer islands remain without electricity.

Mr Chaudhry says the FLP intends to commission a comprehensive review of FEA tariff structures, both domestic and industrial/commercial, with a view to reducing current high charges to provide relief to consumers if it wins government.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.65340.6344
JPY 54.824451.8244
GBP 0.32510.3171
EUR 0.41720.4052
NZD 0.71680.6838
AUD 0.67000.6450
USD 0.47310.4561

from

$0.00

Exchange Rate updated on 10th February 2016

Today's Most Read Stories

  1. 3 MPs are out
  2. Sydney 7s thriller
  3. Sevens change
  4. Out with traditional attire
  5. Natuva: Russian arms worth $19m
  6. $59k wage arrears
  7. Bid to help young mum
  8. Teenager found unconscious
  9. Fostering a free media
  10. Mend differences, minister tells FTUC, FICTU

Top Stories this Week

  1. Angry 7s fan smashes TV screen Tuesday (09 Feb)
  2. Sevens changes Friday (05 Feb)
  3. Need speed Monday (08 Feb)
  4. Fiji picks up the pieces Thursday (04 Feb)
  5. No tattoo on rape suspect Thursday (04 Feb)
  6. NZ 7s final refereeing charade an embarrassment Monday (08 Feb)
  7. Ryan: Sunshine ahead Tuesday (09 Feb)
  8. Legal row Friday (05 Feb)
  9. Investigation as nurse falls with baby Tuesday (09 Feb)
  10. 3 MPs are out Wednesday (10 Feb)