Who regulates the electricity supply sector in Papua New Guinea?
In July 2021, the Government established the National Energy Authority (NEA) to be the regulator of the electricity supply sector in Papua New Guinea. Since 2013, PNG Power has absorbed all cost increases from fuel and other CPI components whilst keeping the same retail tariff for electricity.
Is png power adjusting its power costs?
PNG Power Limited (PPL) will now be adjusting its power costs across all sectors by nine (9) toea effective immediately, according to the National Energy Authority (NEA). Chairman Joseph Gabut stated: “The NEA realises that the country requires a resilient electricity sector premised on fairness to all parties involved.
What does Nea mean for Papua New Guinea?
“NEA is particularly aware of the desperate state of PNG Power Ltd, who have supported the country for the last 10 years, without passing on any cost increases to consumers.” In July 2021, the Government established the National Energy Authority (NEA) to be the regulator of the electricity supply sector in Papua New Guinea.
How will PNG Power improve its revenue protection?
PNG Power will improve its revenue protection through smart metering, meter boxing, and conducting amnesty exercises allowing unregistered customers to be formally registered. These initiatives will eradicate illegal consumers throughout the network.
Can PNG Power survive without passing on its costs?
“It is quite clear that PNG Power can no longer survive without passing on its costs to consumers,” Mr Gabut said. “The company has to cover operations costs that have been rising for the last 10 years, such as those for its staff, suppliers, spare parts, fuel, and power purchased from independent power producers.
Who is Te (png)?
TE (PNG) has been acclaimed as the ‘go to’ provider. TE (PNG) offers the best of products to match the demanding conditions of PNG when it comes to power conditioning, protection and supply. Harsh conditions require equipment made to endure the rigours applied to them. In PNG only the toughest survive.
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Finance Corporation, as part of the Pacific Renewable Energy Advisory project. IFC''s work in Papua New Guinea is supported by the Papua New Guinea Partnership. Australia, New Zealand and IFC are working together through the Partnership to stimulate private sector investment and reduce poverty in Papua New Guinea.
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