Overview:
This report issued by the Utilities Regulatory Authority (the Authority) provides an electricity market update in Vanuatu for the month of February 2023. The presented information and data are only for electricity utilities regulated by the Authority. During the month, the energy market experienced an increase in renewable energy contribution to total power produced, due largely to an increase in wind production, compared to the previous month. UNELCO Engie’s monthly adjusted electricity tariff for the month decreased by 5 % from January 2023 tariff. The total power produced, and power sold decreased from January 2023 total, by 2.58% and 18.4 % respectively.