Reducing Electricity Costs in Libya
The article focuses on the urgent need to overhaul Libya's electricity sector by fundamentally changing the current economic and administrative model. It emphasizes the importance of activating Law No. 17 of 1984 to transform the General Electricity Company into a financial and autonomous entity that ensures greater transparency and efficiency. The article also calls for enhancing generation efficiency through the use of gas, reducing dependence on liquid fuels, and expanding power generation through contractual agreements with investors. It advocates for separating generation, transmission, and distribution activities to promote competition. Furthermore, it stresses the necessity of reforming energy economics by pricing based on true costs and shifting from indirect subsidies to direct support for citizens. The article highlights the importance of improving investment management and ensuring the sector's sustainability, so that it becomes more efficient and capable of providing continuous service at the lowest possible costs.
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