| PUBLIC ANNOUNCEMENT FROM TONGA POWER LTD |
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| ELECTRICITY TARIFF DECREASE EFFECTIVE FROM THE METER READINGS TAKEN AS AT 1 DECEMBER 2015 |
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| After consultation with the Electricity Commission, Tonga Power Ltd is pleased to announce a power tariff reduction of 2.69 seniti per kWh (kilo watt hour) effective 1 December, 2015. This is a 13.05 seniti per kWh or 14.2% reduction from November 2014 when the power tariff was 91.73 seniti per kWh. |
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| The new electricity tariff for Tonga is therefore 78.68 seniti per kWh, a decrease from the current tariff of 81.36 seniti per kWh. The approved new price will be effective from Tuesday, 1st December 2015. The table set out below provides details of the new electricity tariff. |
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| The net decrease tariff movement is the result of less volatility in diesel prices for the last 3 months. The non-fuel tariff was reset to 44.35 seniti per kWh for the period 2015-2020. |
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| The landed cost of diesel in Tonga is regulated by the Competent Authority of the Ministry of Commerce. The tariff adjustment is determined by a process set down in the Concession Contract between the Electricity Commission, Tonga Power Ltd and the Government of Tonga. |
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| For further information please contact: |
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Robert Matthews
Chief Executive
Tonga Power Limited
Telephone: 27-390 |
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| We wish all our customers a Merry Christmas and a Blessed New Year. |
Thank you,
Tonga Power Limited.
26 November 2015 |
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