{"id":5223,"date":"2021-12-13T15:50:00","date_gmt":"2021-12-13T15:50:00","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/lerc-makes-major-cut-in-electricity-tariffs"},"modified":"2021-12-13T17:22:14","modified_gmt":"2021-12-13T17:22:14","slug":"lerc-makes-major-cut-in-electricity-tariffs","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/lerc-makes-major-cut-in-electricity-tariffs","title":{"rendered":"LERC Makes Major Cut in Electricity Tariffs"},"content":{"rendered":"

Africa-Press – Liberia. <\/strong><\/span>The Liberia Electricity Regulatory Commission (LERC) Board Chairman, Dr. Lawrence Sekajipo has announced major reductions in electricity tariffs beginning January 1, 2022.
\nHe said the tariff decision is the result of rigorous technical analyses of Liberia Electricity Corporation cost and other parameters, thereby ensuring that only prudent costs are passed onto customers as the end-user tariff.
\n\u201cAs far as tariffs are concerned, our responsibility under the 2015 Electricity Law is to set tariffs that enable an efficient service provider to recover its cost, make a reasonable return, and provide incentives for continuous technical and economic improvements in the system,\u201d Dr. Sekajipo added.
\nGoing forward, Dr. Sekajipo, said the new tariff will enable social customers, whose monthly energy consumption is either less than or equal to 50kWh shall pay US$0.15, which represents a 32% reduction from the current price of US$0.22.
\nBy this decision, he said, the Board of Commissioners has increased the threshold of social tariff from 20kWh to 50kWh which will allow more people to benefit from this category.
\nDr. Sekajipo also revealed that for prepaid residential customers, they will also pay US$0.24 per kilowatt-hour, which represents a 31% reduction from the current price of US$0.35 cents and attracts a monthly fixed charge of US$2.48 to cover a portion of LEC\u2019s fixed costs.
\nWhile postpaid residential customers-is set at US$0.24 cents per kilowatt, which also represents a 31% reduction from the current price of US$0.35 cents per kilowatt hour and attracts a monthly fixed charge of US$4.47 to cover a portion of LEC\u2019s fixed costs.
\nFor prepaid non-residential customers, according to the LERC Board chairman, they are to pay US$0.22 cents per kilowatt-hour, which also represents a 37% reduction from the current price of US$0.35 cents.
\nHe further said that postpaid commercial customers– is set at US$0.22 cents per kilowatt-hour, which represents a 37% reduction from the current price of US$0.35 cents and attracts a monthly fixed charge of US$12 to also cover a portion of LEC\u2019s fixed cost.
\nHowever, for medium voltage customers, Dr. Sekajipo said the price is set at US$0.19 per kilowatt-hour. This tariff category, he said, consists of customers supplied at the 22kV and 33kV voltage levels, which represents a 46% reduction from the current price of US$0.35 per kilowatt-hour.
\nDr. Sekajipo continued that this category shall also pay a monthly fixed charge of $50 to cover a portion of LEC\u2019s fixed cost.
\n\u201cIt is the Commission\u2019s expectation that this exercise and other ongoing initiatives would spur LEC to increase customer\u2019s connections and improve reliability and that the new prices would encourage good customer behavior, thereby ensuring the sustainability of the electricity supply service,\u201d he added.
\nHe said the cut would provide relief to domestic consumers, especially the poor, already reeling under financial problems due to the pandemic. The law \u201cmandates the LERC to, among other things, approve and set new electricity tariffs for companies operating within the electricity supply market of Liberia.\u201d
\nAccording to Dr. Sekajipo, this is the first time that a tariff structure has been set based on the cost of transmission, generation and distribution of electricity, adding that \u201cprevious tariffs were all political\u201d.
\nHe observed that Liberia has one of the highest electricity tariffs in the world and only a small percentage of its population has access to electricity. Also speaking, Mines and Energy Minister, Gesler Murray, described electricity as a \u201cbloodline of any economy\u201d, welcoming the reduction of the tariff but urging residents to stop the practice of power theft.
\nHe said unlike neighboring Ivory Coast, which has 94% of its population having access to electricity, only 12% of Liberia\u2019s population has access to electricity today. Minister Murray said that his Ministry is a policy arm for the country\u2019s energy sector. And he said the Mines and Energy Ministry has now aligned its policy for green energy by upscaling hydropower and other forms of energy and downscaling fossil fuels.
\nFor his part, the LEC Board Chairman, Monie R. Captan, said with the announcement of the new tariffs, \u201clots of Liberians will feel a sigh of relief\u201d.
\nHe said the over 30% reduction \u201cis significant and now people should have no reason to steal current.\u201d
\nCaptan further said that President George Manneh Weah has given them a mandate \u201cto go after\u201d all those involved in power theft including senior government officials. He said beginning Monday, December 13, a hotline will be published on the LEC social media page for people to report power theft and other complaints via text messages in their respective communities, in order for prompt actions to be taken against those involved.
\nThe LEC Board Chairman emphasized that the time has come to set some examples on people in high and low places who are constantly involved in stealing current, something that has caused the LEC to suffer 60% commercial losses and 12% technical losses, amounting to millions of US dollars every year.
\n\u201cWe have to stand up against this,\u201d Mr. Captan said, making a passionate appeal to the public to use the hotline to tip-off the LEC authorities on people involved in power theft.
\nAccording to him, had it not been because of power theft, the new reduced electricity tariff could have gone down even further, below 30%. It can be recalled that LEC recently submitted an application for Tariff Review in adherence to Section 13.7 of the 2015 ELL, the Electricity Tariff Regulations of May 4, 2021, and LERC\u2019s Administrative Procedure Regulations of September 2020.
\nIn March 2021, LERC provisionally approved a request from LEC to implement an \u201cIncentive Framework\u201d for large electricity consumers using high security pre-paid meters. The proposed incentive level provides a 22% discount for large customers using the high-security prepaid meters, which equate to around US$0.27\/kWh.<\/p>\n

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

Africa-Press – Liberia. The Liberia Electricity Regulatory Commission (LERC) Board Chairman, Dr. Lawrence Sekajipo has announced major reductions in electricity tariffs beginning January 1, 2022. He said the tariff decision is the result of rigorous technical analyses of Liberia Electricity Corporation cost and other parameters, thereby ensuring that only prudent costs are passed onto customers […]<\/p>\n","protected":false},"author":84,"featured_media":5222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,237,234],"class_list":["post-5223","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-liberia","tag-liberia"],"yoast_head":"\nLERC Makes Major Cut in Electricity Tariffs - Liberia<\/title>\n<meta name=\"description\" content=\"The Liberia Electricity Regulatory Commission (LERC) Board Chairman, Dr. Lawrence Sekajipo has announced major reduction ...\" \/>\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\/liberia\/all-news\/lerc-makes-major-cut-in-electricity-tariffs\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LERC Makes Major Cut in Electricity Tariffs\" \/>\n<meta property=\"og:description\" content=\"The Liberia Electricity Regulatory Commission (LERC) Board Chairman, Dr. Lawrence Sekajipo has announced major reduction ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/liberia\/all-news\/lerc-makes-major-cut-in-electricity-tariffs\" \/>\n<meta property=\"og:site_name\" content=\"Liberia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-13T15:50:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-13T17:22:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2021\/12\/img-61b78122cfdac.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"780\" \/>\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=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/lerc-makes-major-cut-in-electricity-tariffs#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/lerc-makes-major-cut-in-electricity-tariffs\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"LERC Makes Major Cut in Electricity Tariffs\",\"datePublished\":\"2021-12-13T15:50:00+00:00\",\"dateModified\":\"2021-12-13T17:22:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/lerc-makes-major-cut-in-electricity-tariffs\"},\"wordCount\":959,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/lerc-makes-major-cut-in-electricity-tariffs#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2021\/12\/img-61b78122cfdac.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Liberia\",\"Liberia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/liberia\/all-news\/lerc-makes-major-cut-in-electricity-tariffs#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/lerc-makes-major-cut-in-electricity-tariffs\",\"url\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/lerc-makes-major-cut-in-electricity-tariffs\",\"name\":\"LERC Makes Major Cut in Electricity Tariffs - 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