The Lebanese Cabinet has approved a plan to reform the country's power sector, which foresees the creation of an electricity regulation authority in 2022 (instead of 2023), an immediate rise in electricity prices and a US$3.5bn investment programme to secure 24-hour power by 2026. Lebanon aims to make the national power utility EDL profitable by 2024 thanks to increased bill collection by increasing bill collection, cutting technical losses and raising the price of electricity from around US$1c/kWh to between around US$10c/kWh for most residential customers and US$18c/kWh for others. In addition, the country aims to improve electricity supply by contracting an additional 500 MW of temporary generation and by importing electricity from Jordan and gas from Egypt.
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