S.I.E.A & WORLD BANK TO REVIEW 2005 TARIFF REGULATIONS

Solomon Islands only electricity supplier SIEA. Photo: SIBC.

Solomon Islands only electricity supplier SIEA. Photo: SIBC.

The Solomon Islands Electricity Authority (SIEA) with the assistance of the World Bank, will review the 2005 Solomon Islands Tariff Regulations.

SIEA says it is a crucial review to determine a fair tariff.

It explains, the Government Tariff Regulation of 2005 is based on both Consumer Price Index (CPI) and Fuel.

This means fuel accounts for about 40 percent of tariff calculation.

Fuel price used in Solomon Islands has the landed cost to SIEA over the past quarter, including fuel delays, fuel costs, exchange rate variances, freight costs and supply charges.

SIEA now invite all its stakeholders, Government, Businesses and the public to partner with them in the review exercise.

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