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January 3, 2020
The electricity sector is one of the largest burdens on citizens, the Treasury, and hard currency. It generates tremendous losses for a wide variety of reasons including pricing at half the cost of generation, technical losses, unpaid bills, corruption, theft of materials and equipment, illegal connections to the electricity lines (theft), inefficiencies, delays in billing, and more. The official electricity sector consumes $1.7 billion in fuel and gas imports, representing eight percent of total imports. Electricité du Liban (EDL) produces electricity at an average cost of ¢20/Kwh and sells it at ¢2.3-¢13/kwh, averaging around ¢9/Kwh. Read more