Independent Consumer and Competition Commission

New retail fuel prices announced

According to the ICCC’s calculations, retail prices for petrol, diesel and kerosene will all increase on average throughout PNG as of 08th August. The increase in the retail prices is mainly attributed to the depreciation of the PNG kina against US dollar in July, and the increases in the Singapore (refinery) prices for petrol, diesel and kerosene.

Increases in the Singapore prices are mainly attributed to production outages as major refineries are being maintained and upgraded in preparation for a shipping industry shift to low sulphur fuels in 2020.

ICCC proposes to decline ANG codeshare arrangement

The proposed codeshare was between Port Moresby, PNG and Manila, the Philippines.

The ICCC is proposing this decision after assessing Air Niugini’s application and concluded that the POM/MNL route is already competitive; and introduction of this proposed code-share will stifle the current level of competition and reduce the current levels of benefits realized by the travelling public.

Watchdog makes available competition policy documents

ICCC supports call for ‘fair bidding’

ICCC Commissioner and Chief Executive Officer, Paulus Ain, said in support of this call the ICCC would like to inform business houses, relevant stakeholders and the public that bid rigging in public procurement is a serious anti-competitive conduct and is criminal in nature.

Ain said if a company or person is found to be engaging in such conduct, they can be prosecuted and if found guilty, severe penalties (both civil and criminal penalties) may be applied by the Courts under the Independent Consumer and Competition Commission Act 2002 (ICCC Act).

Kina Bank cleared to acquire ANZ

ICCC Commissioner and Chief Executive Officer, Paulus Ain said the ICCC assessed Kina Bank’s authorisation application and was satisfied that the proposed acquisition, if it proceeds, would not lessen competition in any of the relevant markets. He therefore granted clearance for the acquisition to proceed.

In its consideration of the likely effects on competition as a result of the proposed acquisition, the ICCC had formed the following conclusions:

ICCC takes traffic authority to court

In a statement, ICCC Commissioner Paulus Ain explained his office wrote to the RTA to explain how the fees were calculated, but the deadline for the complete response lapsed, and ICCC filed court proceedings on 7th March for an alleged breach of Section 128 of the ICCC Act.

Ain said the ICCC became concerned when RTA released a public notice in the press on 31st May, 2018, announcing new road traffic fees and charges to come into effect on 1st June, 2018.

Least-cost electricity generation options encouraged

Since the Third Party Access (TPA) Code was established in 2014, the ICCC has encouraged independent power producers (IPPs) with least generation cost to participate in the generation segment of electricity industry which is now open for competition. 

The wholesale price for IPPs are controlled by ICCC through the Power Purchase Reference Price (Reference Price) set under the TPA Code. TPA Code requires for establishment of reference prices for each transmission network owned by the transmission network owner that is PNG Power Limited (PPL).

ICCC against New Pacific Line acquisition

CNCo has applied to the ICCC for either clearance or authorisation to acquire NewPac (the proposed acquisition).

In making the application, CNCo argued that the acquisition should be allowed to proceed under the ICCC Act because it will not lessen competition; and it will result in more benefits to the public in terms of increasing efficiency and rationalisation, reducing port congestions and reducing emission of greenhouse gas and sulphuric acid.

Markham Biomass gets licence

The current eight electricity licence holders generate electricity from hydro plants.

Markham Valley Biomass Limited (MVBL) now joins eight licensed electricity generation companies who generate and supply power.

The licence is for the generation of electricity to PNG Power, which was issued by ICCC on October 4th.

“Markham Valley Biomass has a Power Purchase Agreement with PNG Power, and that has also come to ICCC for approval,” said Paulus Ain, ICCC Commissioner.

Banned product still in shops: ICCC

The ICCC is now calling on all businesses engaged in its importation, distribution and sale to immediately cease or be prosecuted.

The permanent ban was imposed on 19th March, 2015.

However a recent product safety survey conducted by ICCC inspectors and officers in NCD identified a number of traders selling the banned product in their shops.