{"id":6836,"date":"2021-12-07T07:38:35","date_gmt":"2021-12-07T07:38:35","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/electricity-tariffs-to-increase-by-10-4"},"modified":"2021-12-07T07:51:48","modified_gmt":"2021-12-07T07:51:48","slug":"electricity-tariffs-to-increase-by-10-4","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/electricity-tariffs-to-increase-by-10-4","title":{"rendered":"Electricity tariffs to increase by 10.4%"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>Lesotho Electricity Company (LEC) will increase electricity tariffs by 10.4% (10.3727%) from 1st October 2021. This is per an agreement with Lesotho Electricity and Water Authority (LEWA) as was revealed at the<\/p>\n

press conference on Tuesday. In accordance with the existing legal provisions, LEC submitted a tariff application in which it requested Revenue Requirement (RR) of M1.241 billion and a resultant tariff<\/p>\n

increase of 30.9% for the financial year 2021\/2022. Tariff reviews are conducted to ensure that regulated utilities charge appropriate tariffs to collect sufficient revenue to enable reliable and efficient operations at<\/p>\n

affordable charges. Speaking at this press conference, LEWA Board of Directors Chairperson Relebohile Mosito indicated that in order to conform to the Covid-19 regulations and applicable<\/p>\n

restrictions, LEWA requested stakeholders to submit written views, facts and evidence on the tariff application through social media platforms. He said comments<\/p>\n

were received from various stakeholders and were reviewed during the process leading to the tariff approval. \u201cThe board of the LEWA met on 28 September 2021<\/p>\n

to deliberate on the review of LEC\u2019s tariff application for the financial year 2021\/2022. In determining the application, the board resolved as follows; LEC<\/p>\n

be allowed a Revenue Requirement (RR) of M1.07 billion instead of M1.241 billion requested by the company, the LEC\u2019s tariffs be increased by 10.3727% for both<\/p>\n

energy and Maximum Demand (MD) for all customer categories,\u201d Mosito explained. He notified that the current charges for connection, wiring testing, wiring re-testing, survey, re-survey,<\/p>\n

licensing for wiring, meter testing and house extension will remain the same and the approved tariffs be effective from 1 October 2021. Mosito informed that when<\/p>\n

determining the application, LEWA considered several factors including but not limited to the prevailing socio-economic environment, sustainability of LEC,<\/p>\n

the impact of the Covid-19 pandemic and affordability. According to Mosito, the decision and reasons were based on the facts and evidence presented to the authority<\/p>\n

by both the company and the public, including the prevailing social, economic and financial environment due to the impact of Covid-19 pandemic. He stated<\/p>\n

that it was concluded that justification advanced by LEC for M 1.241 billion RR was not adequate. \u201cAmong other things, the authority took into consideration that<\/p>\n

the allowed RR will be sufficient for LEC to operate effectively, pay imported electricity, replace its ageing infrastructure, carry-out repair and maintenance essential for the reliability of electricity supply,\u201d Mosito said.<\/p>\n

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

Africa-Press – Lesotho. Lesotho Electricity Company (LEC) will increase electricity tariffs by 10.4% (10.3727%) from 1st October 2021. This is per an agreement with Lesotho Electricity and Water Authority (LEWA) as was revealed at the press conference on Tuesday. In accordance with the existing legal provisions, LEC submitted a tariff application in which it requested […]<\/p>\n","protected":false},"author":84,"featured_media":6835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,8,16],"tags":[233,246,245],"class_list":["post-6836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-lesotho"],"yoast_head":"\nElectricity tariffs to increase by 10.4% - Lesotho<\/title>\n<meta name=\"description\" content=\"Lesotho Electricity Company (LEC) will increase electricity tariffs by 10.4% (10.3727%) from 1st October 2021. 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