PORTS INDUSTRY REGULATION

The Commission is tasked with the reviewing, adjusting and regulation of the tariff orders under the Harbours Regulatory Contract for implementation by PNG Harbours. PNG Harbours is granted with an Essential Port Services Licence to operate regulated services. These services, which are commonly known as essential port services include wharfage services, berthing services and berth reservation services.

The Commission assesses and determines PNG Harbour’s tariff submissions in accordance with the requirements set out in the PNG Harbours regulatory contract which sets out the price determinations and price directions. The supply of essential port services are regulated by adopting an average revenue approach, such that the average revenue (AR) that PNG Harbours generates in any year must not exceed the tariff (Essential Services Price Control) increases set by the Commission.

The Essential Services Price Control (ESPC) is the amount the Commission determines as being the appropriate tariff change. The ESPC is determined by taking into account various cost factors that affect the operations of PNG Harbours.

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