Fiji Sun Tuesday 05 September 2017 The Fijian Competition and Consumer Commission (FCCC) has an important role in encouraging competition in the Fijian economy.
Not all markets are competitive, particularly in the case of industries that display aspects of natural monopoly.
In such cases, FCCC’s role is to ensure economic regulation exists and ensure that monopolies and near monopolies do not overcharge or cheat on the quality of service provided to customers.
At the same time, it must ensure that the firms are getting a reasonable return on their assets and are operating efficiently.
The Economic Regulation department of the FCCC is responsible for regulating prices to approximative competitive market prices for industries engaged in the supply of electricity, water, sewage, post, broadcasting, telecommunications, ports, civil aviation or any other industries that is declared subsequently. Read more…
