The Finance Minister of Fiji, Esrom Immanuel, has brought attention to the long-lasting effects of the previous government’s partial divestment of Energy Fiji Limited (EFL) on the country’s current electricity troubles. Notably, 44 percent of EFL’s shares were sold to private entities, a decision that, according to Immanuel, overlooked critical opportunities to implement stronger protections aimed at renewable energy transition, price stability, and maintaining strategic national control over this vital utility.
Immanuel underscored the significance of electricity by stating, “Electricity is an essential national utility. We must ensure Fiji’s long-term resilience, renewable capacity, and affordability. That is what we are strengthening now.” His comments come as the government is conducting a tariff review in response to escalating fuel costs, climate change, and growing infrastructure requirements. He noted that the shortcomings in regulatory measures imposed during the EFL sale have contributed to the challenges currently faced.
The Minister called for more rigorous provisions such as strict investment commitments in renewable energy and clearer consumer protection guidelines. He believes these measures are essential to maintaining government oversight during emergencies. Emphasizing his government’s positive trajectory, Immanuel is committed to rebuilding these necessary safeguards through improved transparency and oversight.
“Our responsibility is to ensure that tariff outcomes are justified, fair, and sustainable,” he stated, reiterating the government’s pledge to protect consumers, enhance public trust, and bolster national energy security as Fiji refines its electricity framework. The ongoing tariff review process involves regulators assessing the financial sustainability and consumer impact while advancing Fiji’s transition to renewable energy solutions. This comprehensive initiative aims to secure a dependable and sustainable energy future for the citizens of Fiji.