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Fiji Time: 12:56 PM on Wednesday 30 July

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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.


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