Regulator reviews E.P.C.’s tariffs
PR - The Office of the Regulator has undertaken an annual review of the tariffs charged by Electric Power Corporation (E.P.C.) and review of its proposal submitted in June 2017.
After conducting public consultations both in Upolu and Savai’i, the Regulator in her Determination and Order No E54/2017 provides for a 4 sene/kWh reduction in the electricity tariff paid by consumers effective 1st December 2017.
The main part of the reduction is lower debt costs proposed by E.P.C. this financial year, with a small fall in the energy charge, which is updated on a monthly basis.
The usage charge, which covers the costs incurred by E.P.C. in augmenting and maintaining its network, and running its operations, remains unchanged.
The decision is consistent with the findings of a number of stakeholder workshops that were convened by the Regulator and E.P.C. to canvass opinion on E.P.C.’s proposal.
The Regulator will undertake a wider three-year tariff review next year, and in preparation has requested E.P.C. to develop a power system expansion plan as required under the Electricity Act 2010, to ensure that new generation plant to be constructed in the next few years is cost effective and provides a least cost solution for customers.
It has also requested E.P.C. to report regularly on its proposed capital implementation plan to ensure that its investment is commensurate with the funds provided by customers for this effect.