Monrovia, March 7 -- In a landmark decision within the electricity sector in Liberia, the Liberia Electricity Regulatory Commission (LERC), has upheld the electricity price at US$0.22 per kilowatt-hour (kWh) for customers in Jungle Energy Power (JEP) distribution areas in Nimba and Bong counties.

Announcing the decision in Gompa City, Nimba County, Atty. Kla-Edward Toomey II, Acting Chairman of the Board of Commissioners, emphasized that the revised rate strikes a balance between the interests of consumers and JEP's need to recover costs and ensure a reasonable return on investment. The new price marks a 12% reduction from the previous rate of US$0.25 per kWh.

Additionally, the Commission introduced a new monthly fixed charge of US$1.5...