Electricity demand in Fiji is projected to increase by approximately 5% per year, as stated by Gibson Fatiaki, the CEO of Fiji Electricity Limited (EFL). He highlighted the urgent necessity for timely investments to meet the growing energy needs of the nation.
To support this expansion, changes to electricity tariffs will be implemented starting January 1, 2026. Fatiaki warned that without proactive investment, delays in new electricity connections could occur, creating uncertainty for businesses and potentially stifling economic growth.
A stable tariff structure is essential for reliable investment planning, facilitating the timely expansion of energy supply, and maintaining trust among households, businesses, and investors, according to Fatiaki. He noted that the future of Fiji’s energy sector depends on a collaborative approach that aligns with the Government’s National Energy Policy, which involves customers, regulators, government agencies, development partners, and EFL.
The motivation behind the upcoming tariff increase lies in achieving a balance between affordability and sustainability. This approach seeks to protect vulnerable households while simultaneously promoting economic growth. Fatiaki emphasized the crucial role of electricity in everyday life in Fiji, as it powers homes, businesses, healthcare facilities, educational institutions, and underpins the overall economy.
The decision-making process regarding electricity pricing is carried out with care, focusing on fairness, transparency, and the long-term benefit of the nation. This methodical approach aims to create a clean and reliable energy system that will benefit Fiji for years to come.