Regulator approves extension for EPC

By Talaia Mika • 09 April 2024, 9:20PM

The Electric Power Corporation (E.P.C.) has been given another extension by the Regulator, Lematua Gisa Fuatai Purcell to provide the required information on tariff calculations, outstanding license fees, and updates on the implementation of smart meters.

In an email correspondence with this newspaper, Lematua said EPC has been granted an extension for their deadline.

"EPC requested an extension and I approved it yesterday," she said.

Asked what will happen if EPC doesn't make their deadline and some possible penalties, she said "See Electricity Act 2010." According to Act, EPC could face a fine for non-compliance.

The Corporation was given until this week Monday 4 pm to provide the information.

Attempts to get a comment from the General Manager of E.P.C. Faumui Iese Toimoana were unsuccessful on Tuesday.

However, in a previous interview, he confirmed that the corporation was actively engaged in compiling the requisite reports and is committed to fulfilling the Regulator's directive.

The directive, marked as Order No. 2024/E90 and issued by Lematua outlines a stringent timeline for EPC to provide the required documentation.

Expressing concerns over the persistent noncompliance by E.P.C., the Regulator emphasised the seriousness of the situation, indicating potential enforcement actions pursuant to section 6(1) (o) of the Electricity Act 2010.

According to the Electricity Act 2010, Section 6 delineates the duties, roles, and authorities of the Regulator. Subsection (o) of this clause grants the Regulator the power to request licensees to furnish any information essential for the execution of regulatory oversight and enforcement duties.

The mandated information encompasses various aspects crucial for regulatory oversight and operational transparency.

Specifically, E.P.C. is required to disclose the standard information utilised for tariff calculations, including the parameters influencing the effective tariffs in July 2023 and November 2023, alongside monthly energy submissions.

Moreover, the corporation has been instructed to settle outstanding license fees for the calendar years 2022, 2023, and 2024, underscoring the importance of financial compliance for maintaining regulatory integrity.

In addition to financial matters, E.P.C. must provide generation data essential for annual license calculations for 2023 and 2024. This data serves as a cornerstone for assessing the corporation's operational performance and adherence to regulatory standards.

Furthermore, the Office of the Regulator has demanded the submission of the latest smart meter progress report, inclusive of a comprehensive list of all consumers equipped with smart meters.

The General Manager confirmed that as of Wednesday 3 April, the corporation had not paid the outstanding license fees for the calendar year 2022.

He said they were relying on the corporation's cash flow as they have their list of priorities such as paying for diesel.

However, he gave assurance that they are working hard to meet the deadline set by the Regulator.