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Africa

Liberia

With a power score of 1.8, Liberia ranks number 66 among Emerging Markets and number 21 in the Africa region

Power score

1.8/5

135135135

Score over time

2021 - 2024

93
2021
92
2022
100
2023
66
2024

Overview

Liberia has a power score of 1.80, which puts it at rank 66 in the Emerging Markets power ranking. In comparison to 2023, Liberia has improved in the power rankings by 34 places, from rank 100, to rank 66.

At 1.80, the power score of Liberia is better than than the regional average of 1.8 in the Africa region and puts it at rank 21 in the region.

Regional comparison chart

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Liberia

Power

Power policy

Liberia implements policies in 5/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Net metering, Import tax incentives, and VAT incentives.

Power policies

Renewable energy target
Renewable energy auction
Feed-in tariff
Net metering
Import tax incentives
VAT incentives
Priority grid access
Renewables mandate
Renewable Energy Certificates

Power prices and costs

The average electricity price in Liberia has increased from 197.00 USD/MWh in 2022 to 224.67 USD/MWh in 2023. Since 2017, the average electricity price in Liberia has fluctuated between 197.00 USD/MWh (2021) and 461.54 USD/MWh (2017).

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Power market

The top amount of capacity installed in Liberia in 2023 was in Large Hydro at 67.83%, down from 67.9% in 2022. The technology with the biggest increase in capacity installed in 2023 was Other Fossil Fuels at 0.11%, up from 0% in 2022.

Installed capacity (in MW)

20002005201020152020050100 MW

Electricity generation (in GWh)

200020052010201520200200400600 GWh

The top amount of electricity generated in Liberia in 2023 was in Large Hydro at 95.74%, up from 83.49% in 2022.

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Investment in clean energy in Liberia was around $ million in 2023, a decrease of NaN% from 2022 ($ million). Between 2018 and 2023, the highest investment in clean energy was in 2020 at $15.00 million, while the lowest was in 2019 with $8.00 million.

Utility privatisation

Which segments of the power sector are open to private participation?

generation: Yes
transmission: Yes
retail: No

Doing business and barriers

Type

Question

Availability

Currency of PPAs

Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?

No

Type

Question

Availability

Bilateral power contracts

Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?

Yes

Type

Question

Availability

Fossil fuel price distortions - Subsidies

Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?

No

Type

Question

Availability

Fossil fuel price distortions - Taxes and carbon prices

Does the government significantly�increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?

No

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