PNG Power announces 5 percent CPI adjustment from June
Following the conclusion of the 12-year price freeze with the Independent Consumer and Competition Commission (ICCC), and in the face of rising global fuel costs, a five percent Consumer Price Index (CPI) adjustment to electricity prices has been phased in following a formal resolution of the PNG Power Limited (PPL) Board. The adjustment marks the second and final increase approved by the National Energy Authority in 2022. To access this post, you must purchase Web , Web – On
PNG Power Limited (PPL) has implemented a five percent adjustment to electricity prices, effective from June. This change follows the end of a 12-year price freeze mandated by the Independent Consumer and Competition Commission (ICCC). The decision by the PPL Board comes amidst increasing global fuel expenses. This marks the second and final price adjustment authorized by the National Energy Authority for the year 2022.
This adjustment will impact household and business electricity costs in Papua New Guinea.
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