RENEWABLE ENERGY BRINGS FIJI POWER BILLS DOWN

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SUVA, Fiji (Fijilive, Dec. 11) - Despite escalating world fuel prices, Fiji consumers can expect lower power bills from next week due to the reduction in fuel surcharge.

Competition regulator, the Commerce Commission, today announced the reduction in fuel surcharge from 3.23 cents per unit to 2.83 cents per unit to be implemented on December 20.

Commission chairman Charles Sweeney said the reduction results from the improved Monasavu hydro performance, diesel (IDO) substitution with heavy fuel oil, increasing contribution from renewable energy projects (most recently the Butoni wind farm) and improving thermal generation efficiencies.

On November 1 this year, the Commerce Commission had implemented the increased surcharge rate from 1.88 cents to 3.23 cents per unit.

The Commission said the major factor in the decision to increase rates then was the rapid rise in world fuel price.

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