Overview:
This report issued by the Utilities Regulatory Authority (the Authority) provides an electricity market update in Vanuatu for the month of June 2023 for electricity utilities that are regulated by the Authority. During the month, the energy market experienced an increase in renewable energy contributions from wind and solar energy compared to the previous month. This is a positive turnaround after several past months of limited to zero renewable energy output into the energy market. UNELCO Engie’s monthly adjusted electricity tariff for the month further decreased by 1 %. It is over a month that VANPAWA Limited took over operations of the Tanna (Lenakel) and Malekula (Lakatoro) electricity concessions from the Department of Energy. Since May 2023, the new entrant into the energy market is showing promising signs of providing improved electricity service to its customers in Tanna and Malekula. VUI’s tariff has decreased by 3% as a result of Government subsidy.