Overview:
This report issued by the Utilities Regulatory Authority (the Authority) provides an electricity market update in Vanuatu for August 2023 for electricity utilities that are regulated by the Authority. During the month, the energy market experienced another increase in renewable energy contribution from wind energy compared to the previous month, bringing the energy contribution to its highest peak in 2022 and 2023. UNELCO Engie’s monthly adjusted electricity tariff for the month decreased as depicted in Figure 4. The monthly changes of UNELCO tariff are mainly due to changes in fuel price, their positive correlation can be confirmed by the fuel index shown in Figure 3, UNELCO’s fuel index and tariff have been decreasing since January 2023.