Monrovia, Liberia – July 4, 2025: Liberia has been ranked among the many prime performers within the African Improvement Financial institution’s 2024 Electrical energy Regulatory Index (ERI), highlighting the nation’s rising impression, sustained reforms, and robust political dedication to advancing the ability sector.
Within the newly launched Index, unveiled through the 2025 Africa Power Discussion board in Cape City, South Africa, Liberia achieved a rating of “0.800” and moved up one place from tenth in 2022 to ninth place amongst 43 taking part African nations.
The ERI evaluates a rustic’s electrical energy regulator in three key areas: Regulatory Governance, Regulatory Substance, and Regulatory Outcomes. The 2024 version of the ERI centered on service supply and utility efficiency displaying probably the most notable enhancements continent-wide.
Liberia’s development within the ERI rankings underscores the nation’s continued dedication to electrical energy sector reform and the implementation of efficient regulatory practices,” stated Atty. Kla Edward Toomey, II, Performing Chairman of the Board of Commissioners of Liberia Electrical energy Regulatory Fee (LERC).
“We’re inspired by this recognition and stay dedicated to deepening regulatory effectivity, transparency, and collaboration throughout all ranges of the sector. This rating is a milestone achievement for the electrical energy sector of Liberia,” Atty. Toomey added.
“We’re motivated to proceed on this path and help the nation’s imaginative and prescient for a dependable, sustainable, reasonably priced, and inclusive electrical energy provide.”
The ERI, launched by the African Improvement Financial institution (AfDB) in 2018 is now in its seventh version. It’s composite index measuring the event of electrical energy sector regulatory frameworks throughout African nations.
The ERI evaluates regulatory governance, substance, and outcomes. Liberia’s rise within the ERI is a part of a gradual upward development amongst 43 taking part African nations. In simply three years, the nation has climbed from thirty seventh place in 2021 to tenth in 2022 and now ninth in 2024, reflecting the profitable implementation of coverage reforms, stakeholder engagement initiatives, and capacity-building efforts.
