The Fijian Competition and Consumer Commission’s decision to pause the newly proposed electricity tariff increase has been positively received by the private sector. The commission’s move is intended to facilitate further consultations with stakeholders before finalizing any changes.
Edward Bernard, the CEO of the Fiji Commerce and Employers Federation (FCEF), expressed concern over the lack of prior consultation regarding the tariff hike, which was initially proposed by Energy Fiji Limited (EFL) at a staggering 37%. Bernard emphasized the necessity of engaging key stakeholders, who play a crucial role in Fiji’s economy, prior to implementing such substantial changes.
In an interview with Fiji One News, Bernard indicated that the FCEF plans to make a formal submission to the Commission, drawing on insights gathered from its members. He underscored the pressing issue of utility costs, which already account for a significant portion of business expenditures, and highlighted that any increase in electricity tariffs could hinder business growth, investment initiatives, and overall competitiveness in the market.
The FCEF acknowledges the Commission’s recent decision as a pivotal moment that will allow for a thorough review and incorporation of insights from the business community, fostering a more balanced and informed approach to future tariff adjustments. The ongoing dialogue holds promise for a more collaborative resolution that benefits both consumers and the business sector, ensuring stability and growth in Fiji’s economic landscape.