For the first time in the history of PNG Power Ltd, the company wishes to announce a reduction in its tariffs by 2.7% beginning 1st of January 2010. The reduction is an additional give away on top of the customers being issued rebates beginning December 2008 for low quality of electricity services provided in respect of each service area. These are the undertakings by PNG Power under the watchful eyes of the Independent Consumer & Competition Commission (ICCC) in ensuring that the services provided and tariffs set are in line with the regulatory requirements.

The reduction of 2.7% was determined by the Independent Consumer & Competition Commission (ICCC) based on PNG Power's 2010 Tariff submission to ICCC in November 2009. For the benefit of PNG Power customers, I'll clarify the background and methodology for the setting of its electricity tariffs as was applied for the recent tariff increases over the years.

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'Power situation in Lae will be back to normal early next year'

Emergency measures are being undertaken by PNG Power on a number of fronts to rectify disruptions to power supplies that have affected Lae and other areas, the Minister for Public Enterprises, Hon. Arthur Somare, said today.

"As a result of several recent initiatives I have been assured that Lae's power supplies will be more stable and reliable from early next year," Minister Somare said in a statement.

Download the Minister's complete statement here (pdf)