MONROVIA, LIBERIA-The Liberia Electricity Regulation Commission (LERC) says it has received a formal application for Reconsideration from LIBENERGY, following the Commission’s tariff decision issued on July 26 this year.

The application was submitted on July 23 in accordance with Regulation 32(1) of the Electricity Tariff Regulations, which provides a regulated entity with the opportunity to seek reconsideration of a tariff determination.

In its application, LIBENERGY contends that the revised tariff approved by the Commission will have significant financial and operational consequences that, in its view, were not fully considered in the tariff determination.

Among other issues, LIBENERGY argues that the revised tariff reduces its principal source of operating revenue through the reduction in the energy charge, while simultaneously reducing customer toward meter acquisition.

The filing of an application for reconsideration is a standard regulatory process provided for in the Electricity Tariff Regulations, and does not in it alters the Commission’s decision.

The Commission is carefully reviewing LIBENERGY’s application in accordance with its regulations, and will reach a decision based on the evidence presented, while ensuring transparency, fairness, and the protection of the interests of electricity consumers.