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The Lesotho Electricity and Water Authority (LEWA) – PUBLIC NOTICE!!!

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LEWA LOGO 23-04-13_1LESOTHO ELECTRICITY AND WATER AUTHORITY

PUBLIC NOTICE ON LESOTHO ELECTRICITY COMPANY’S APPLICATION TO INCREASE ELECTRICITY TARIFFS FOR THE MULTI YEAR PERIOD  2023/24 – 2025/26

A. Introduction

The Lesotho Electricity and Water Authority (LEWA) informs Electricity Supply Industry (ESI) stakeholders and the general public that the Lesotho Electricity Company (Pty) Ltd (LEC) has filed an Application for upward adjustment in electricity tariffs for various customer categories for a multi-year period 2023/24-2025/26. The Application was submitted on 28 September, 2023 and it is in line with Section 24 (3) of the LEA Act 2002 as amended (hereafter referred to as the Act). LEC holds a Composite Licence issued in terms of Section 50 of the Act.

B. The Application and Tariff Drivers that LEC cites therein

LEC has requested increases of 23%, 15% and 15% on both Energy and Maximum Demand (MD) charges across all customer categories for the Financial Years 2023/24, 2024/25 and 2025/26, respectively.

The proposed tariff adjustments will translate into a Revenue Requirement (RR) of M2.09 billion, M2.10 billion and M2.13 billion for the Financial Years 2023/24, 2024/25 and 2025/26, respectively. Table 1 below presents the breakdown of the RR as cited in the Application.

Table 1: Summary of LEC’s Revenue Requirement

 Projected Costs (in Maloti)
Aggregated Revenue Requirement2023/242024/252025/26
Generation1 183 348 5811 219 099 2621 254 849 942
Depreciation181 224 161178 657 022178 086 605
Operating Expenses379 343 443346 729 847332 301 533
Return on Capital350 224 051357 663 409365 238 748
Total2 094 140 2362 102 149 5402 130 476 828

C. Invitation for Participation in Public Consultations

In accordance with Section 24 (6) of the Act, the ESI stakeholders and the general public are invited to participate in public consultations presented in Table 2 below:

Table 2: Public Consultations Schedule

Activity/TaskDateTime
Publication of the LEC’s Multi-Year Tariff (MYT) Application for public comments in the media18 January 202408:00 hours
Closing date for submission of written comments from stakeholders/public13 February 202417:00 hours
Radio Streaming and Simultaneous Broadcast Group 1 Radio LesothoRadio Maria Lesotho (Host)KEL RadioThato-ea-Hau FMMoAfrika FM29 January 2024          10:00-12:00 hours  
Radio Streaming and Simultaneous Broadcast Group 2   People’s Choice FMRadio Maria Lesotho (Host)Harvest FMTŝenolo FMMoeling FM30 January 202412:00-14:00 hours  
Mafeteng Community Radio  30 January 202409:00-12:00 hours
Tšetšetha TV Program24 January 202420:30-21:30 hours  
31 January 202420:30-21:30 hours
 Meeting with Key Stakeholders, LEWA Conference Room02 February 202409:00 -13:00 hours
Mokhotlong, Mokhotlong Hotel06 February 202408:30-13:00 hours
Thaba-Tseka, Motherland Hotel08 February 202408:30-13:00 hours
Radio Souru  06 February 202407:00-08:00 hours
Qacha’s Nek, New Central Hotel06 February 202409:00-13:00 hours
Pheshekwe Qhili FM  07 February 202407:00-08:00 hours
Quthing, Kubung Hotel07 February 202409:00-13:00 hours

Copies of the Application can be obtained from LEWA offices located in Maseru, Moposo House, Level 7. Alternatively, copies may be downloaded from the Authority’s website at https://www.lewa.org.ls/tariff-applications/. Stakeholders who are residing in the districts of the country may access copies of the Application from the District Administrators’ offices from 24 January, 2024.

D. Invitation for Public Comments

In terms of Section 24(6) of the Act, stakeholders and the general public are invited to make and forward their comments on the reasonableness of the proposed tariff adjustments in the Application before LEWA makes a final determination. The deadline for receiving written comments is 13 February, 2024.

Comments or enquiries may be sent to:

The Manager-Economic Regulation

Economic Regulation Department

7th Floor Moposo House, Maseru

P/Bag A315

Maseru 100

Email: lsekantsi@lewa.org.ls

Or

secretary@lewa.org.ls

Tel :  22 312479

Fax : 22 315094

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