- Consumers to pay more for electricity
- LEWA approves tariff hikes
- Electricity tariffs hiked by 10.37%
The Lesotho Electricity and Water Authority (LEWA) has approved the tariff application for the state-owned Lesotho Electricity Company (LEC). As a result, consumers will pay 10.37% more for electricity in the 2021/2022 financial year. LEC had applied for a tariff increase of 31% and a revenue requirement of M1.241 billion, reviewed by the regulatory body.
“The LEC submitted a tariff application in which it requested a revenue requirement of M1.241 billion and a resultant tariff increase of 30, 9 per cent for the 2021/22 financial year,” the chairperson LEWA, Rebohile Mosito, said.
“Tariff reviews are conducted to ensure that regulated utilities charge appropriate tariffs to collect sufficient revenue to enable reliable and efficient operations at affordable charges,” he added.
The approval for a tariff increment comes as the LEC had operated for two consecutive years without any tariff increments. LEWA resolved not to increase tariffs to cushion the effect of the COVID19 pandemic on consumers.