ICCC

Electricity Supply Regulations

ICCC Commissioner and Chief Executive Officer, Paulus Ain announced the institutional changes in the electricity supply industry, and what these changes will mean for the ICCC going forward.

Mr Ain said since 2002, the ICCC has been regulating the electricity supply industry, until the passing of the National Energy Authority Act 2021 (NEA Act) and Electricity Industry (Amendment) Act 2021 (EI [Amendment] Act).

Alleged Anti-Competitive Conduct probe closed

A complaint was received on the 11th of November, 2019 alleging that there was an anti-competitive agreement between major businesses and their suppliers, to restrict the supply of common grocery goods to potential small distributors in the province.

ICCC Commissioner Paulus Ain said they proceeded with a nationwide market enquiry and that the investigation was focused on possible breaches of the relevant provisions of the ICCC Act 2002.

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ICCC warns against Carbon levies

In a recent media statement, the ICCC addressed its concerns, saying there was a lack of meaningful consultations with the affected industries on the matter, and the legal process used to introduce these new levies and its adverse impact on consumers and businesses in PNG.

ICCC Commissioner and Chief Executive Officer, Paulus Ain said, these carbon levies were initially gazetted by the Ministry of Finance in National Gazette No. G304 on 27th May, 2020 and then amended in National Gazette No. G673 on 12th October, 2020 and reflected as an increase in excise tariffs.

New November fuel prices

For this month, the Indicative Retail Prices for petrol will decrease while diesel and kerosene will increase on average, throughout PNG. The drop in retail price for petrol is attributed to the average decrease in its Singapore prices while the rise in prices for diesel and kerosene are a result of increases in their Singapore prices during the month of October 2020.

ESP retail outlets fined for price hike

ICCC Commissioner and Chief Executive Officer, Paulus Ain, said a total of thirteen infringement notices were issued to five retailers at Maprik while fourteen were issued to just three retailers in Wewak town for non-compliance of State of Emergency Order No. 19.

The non-compliant retailers in Maprik are:

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Views welcomed on proposed Link PNG merger

ICCC said Link PNG Limited, a subsidiary of Air Niugini Limited, has submitted an application seeking authorisation for its proposed acquisition of up to 60 percent shares in PNG Air Limited.

“Link PNG proposes to firstly acquire 40 percent of the shares in PNG Air owned by National Superannuation Fund Limited (NASFUND); and followed by the acquisitions of shares of minority shareholders,” revealed ICCC.

ICCC fines shops in New Ireland for price increases

Red Star Investments in Kavieng was issued two infringement notices while Island Store, Arrow Trading 1 and Arrowing Trading 2 were issued the other four infringement notices.

Each infringement notice carries a spot fine of K5,000.

ICCC Commissioner and Chief Executive Officer, Paulus Ain, said if shops need to increase the price of goods during the State of Emergency period above five percent then they need to seek the approval of the ICCC first.

ICCC begin price hike inspection

ICCC Commissioner and CEO, Paulus Ain, said so far his officers have not seen instances of price inflations by shops owners.

However, they are calling on consumers to be vigilant and to report and send evidence of shops breaching the gazettal.

In a media conference today ICCC Commissioner and CEO, Paulus Ain, said his officers have already begun inspecting to ensure prices of basic goods and needs are not inflated as per the Government Gazettal.

Lower fuel prices this month

The Independent Consumer and Competition Commission (ICCC) announced the new retail fuel prices for this month have taken effect on Sunday, 08th March.                     

Furthermore, these price decreases are attributed to the following:

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Out of court settlement by Steamships

This follows an offer made to ICCC by Steamships for settlement out of court because of a delay by the National Court in progressing the matter.

In November 2011, the ICCC instituted legal proceedings against PNG Main Port Liner services Ltd, Steamships Trading Ltd, Kambang Holdings Ltd and Consort.

ICCC alleged that the acquisition of Kambang’s 34,000 shares in Consort by Mainport in 2009 breached section 69 of ICCC Act 2002.

This provision provides that a person shall not acquire shares of a business if it would likely lessen competition in a market.