The Liberia Electricity Regulatory Commission (LERC) has received a proposal from Liberia Electricity Corporation (LEC) seeking for a review of the current electricity tariffs.
The proposed tariff review is for January 1, 2025, to December 31, 2027.
The move is in accordance with Section 8.1(2) of the 2015 Electricity Law of Liberia which states that “a licensee may not charge a customer any other tariff other than that determined or approved by the Regulator,” according to a report by Observer.
This submission comes as the current tariff regime which came into effect on January 1, 2022, is set to expire on December 31, 2024.
Meanwhile, the Commission has requested LEC to submit all supporting documents used to derive its proposed tariff structure.
When this is done, the Commission would acknowledge a complete application and issue a notice of pendency for the review and approval of LEC’s proposed tariff in accordance with the 2015 Electricity Law of Liberia, as well as the Commission’s 2021 Electricity Tariff Regulation, Multi Year Tariff Methodology and Cost Reflective Electricity Price Determination Model.
To ensure transparency and public involvement, the Commission would conduct a series of public hearings, stakeholder engagements and outreach initiatives.
These forums would aim to solicit input from electricity customers, consumers, policymakers, civil society organization and other interested parties before finalising the tariff decision.
Source: https://energynewsafrica.com
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