{"id":14871,"date":"2022-05-23T09:12:33","date_gmt":"2022-05-23T09:12:33","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-tariffs-increase-application-declined"},"modified":"2022-05-23T09:57:15","modified_gmt":"2022-05-23T09:57:15","slug":"lec-tariffs-increase-application-declined","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-tariffs-increase-application-declined","title":{"rendered":"LEC tariffs increase application declined"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>The Lesotho Electricity and Water Authority (LEWA) has declined the request by the Lesotho Electricity Company (LEC) seeking tariffs increase of 32.6 percent across the board for the<\/p>\n

2020\/2021 financial year. This is according to the statement issued by LEWA following its governing board sitting on July 30.<\/p>\n

LEWA was set to make its pronouncement on April 29 which was to be enforced effective from May 1, however owing to the then Covid-19 inspired lockdown it deferred<\/p>\n

the tariff review at the end of July. \u201cThere will be no tariffs increase on the energy and Maximum Demand (MD) charges for all customer categories in 2021,\u201d reads the<\/p>\n

regulator statement in pertinent part. It further says the proposed increment is \u201cnot consistent with LEWA Regulatory Principles and Guidelines. \u201d On the LEC\u2019s revenue requirement of M1, 21<\/p>\n

billion, LEWA made resolution that it be at M933, 48 million. One of the reasons the regulator advances against considering LEC proposed tariffs hike is that the utility has fallen short of complying with the regulatory<\/p>\n

prescripts. LEWA said in their application, the power utility had not availed audited financial statements of the company financial performance adding that<\/p>\n

\u201cthere is public outcry over LEC\u2019s continued non-accountability.<\/p>\n

\u201cIt is important that the electricity tariffs be affordable to domestic and businesses especially now that the country is<\/p>\n

experiencing Covid-19 pandemic which has brought about negative consequences particularly the economic meltdown,\u201d reads the statement. Reacting to this determination, the Consumer<\/p>\n

Protection Association (CPA) Executive Director Nkareng Letsie said the association is happy with the decision taken by the authority. Letsie said due to prevailing economic<\/p>\n

circumstances, LEC should exercise stringent measures. He said during the public consultations fora, CPA had said that the utility company be afforded 6 percent tariff increase<\/p>\n

which they had argued it will cushion the latter against the inflation. \u201cPoor people cannot afford the increase given the poor economic performance and growth that does not translate into welfare<\/p>\n

improvement of the lower class of the society,\u201d CPA had said then. Meanwhile, Letsie had highlighted that the government through rural electrification is \u201cburdening\u201d LEC saying the<\/p>\n

electricity company procures equipment at high costs, and some families do not use electricity while others use less. \u201cHow is it [LEC] going to recuperate the<\/p>\n

returns,\u201d he charged. Motivating their application, LEC had said it is unable to raise funds to meet the rural electrification and said the country is faced with power shortage to spur the economy.<\/p>\n

They had also talked about high import costs from Eskom and Electricidade de Mo\u00e7ambique (EDM). In the last financial year, 2019\/2020, LEC had requested a 14.2 percent hike increase and it was granted 13.87 percent.<\/p>\n

LEWA is a water and electricity regulatory body, which is also charged with the responsibility to ensure that the quality of service and supply standards are met by LEC and Water and Sewage Company (WASCO).<\/p>\n

According to Lesotho Energy Policy 2015-2025, the country generates 72 megawatts (MW) and it says by the end of 2013 electricity imports met over 50 percent of local consumption.<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. The Lesotho Electricity and Water Authority (LEWA) has declined the request by the Lesotho Electricity Company (LEC) seeking tariffs increase of 32.6 percent across the board for the 2020\/2021 financial year. This is according to the statement issued by LEWA following its governing board sitting on July 30. LEWA was set to […]<\/p>\n","protected":false},"author":84,"featured_media":14870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,246,415,245],"class_list":["post-14871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-economic","tag-lesotho"],"yoast_head":"\nLEC tariffs increase application declined - Lesotho<\/title>\n<meta name=\"description\" content=\"The Lesotho Electricity and Water Authority (LEWA) has declined the request by the Lesotho Electricity Company (LEC) see ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-tariffs-increase-application-declined\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LEC tariffs increase application declined\" \/>\n<meta property=\"og:description\" content=\"The Lesotho Electricity and Water Authority (LEWA) has declined the request by the Lesotho Electricity Company (LEC) see ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-tariffs-increase-application-declined\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-23T09:12:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-23T09:57:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/05\/postQueueImg_21-628b5a5845d2c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-tariffs-increase-application-declined#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-tariffs-increase-application-declined\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"LEC tariffs increase application declined\",\"datePublished\":\"2022-05-23T09:12:33+00:00\",\"dateModified\":\"2022-05-23T09:57:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-tariffs-increase-application-declined\"},\"wordCount\":514,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-tariffs-increase-application-declined#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/05\/postQueueImg_21-628b5a5845d2c.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"economic\",\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-tariffs-increase-application-declined#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-tariffs-increase-application-declined\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lec-tariffs-increase-application-declined\",\"name\":\"LEC tariffs increase application declined - 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