Vanuatu Monitoring Report - Diesel Pricing for Electricity Services

The aim of this paper is to provide a comprehensive review of the fuel price as input in the calculation of electricity prices paid by customers in Vanuatu. The report describes the supply chain and pricing mechanism for fuel used in electricity generation, together with the findings and conclusions of investigations by the team In its research, the team followed auditing principles, testing accuracy of the data provided through reconciliation between fuel invoices and technical and financial statements, and then investigating prices, volumes and accounting practice for fuel stock valuation, to control their correlation to regional markets.