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Lesotho

With a power score of 1.01, Lesotho ranks number 101 among emerging markets and number 131 in the global power ranking.

  • Emerging markets
  • Africa

1.01 / 5

Power score


-8 places

Global power rank change


2021
2022
2023
133
123
131

Overview

Lesotho has a power score of 1.01, which puts it at rank 131 in the global power ranking, and rank 101 in the emerging markets power ranking. In comparison to 2021, Lesotho has improved in the power rankings by 2 places, from rank 133, to rank 131.

At 1.01, the power score of Lesotho is lower than the regional average of 1.54 in the Africa region.

Regional power score comparison

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Lesotho

Power

Power policy

Lesotho implements policies in 4/6 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in Tariff, Net Metering, Import tax incentives, VAT incentives.

Power policies

Renewable energy target
Renewable energy auction
Feed-in Tariff
Net Metering
Import tax incentives
VAT incentives

Power prices and costs

The average electricity price in Lesotho has dropped from 45.79 USD/MWh in 2021 to 40.24 USD/MWh in 2022. Since 2017, the average electricity price in Lesotho has fluctuated between 40.24 USD/MWh (2022) and 50.15 USD/MWh (2018).

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Power market

The top amount of capacity installed in Lesotho in 2022 was in Large Hydro at 100%.

Installed capacity (in MW)

20142016201820202022020406080 MW

Electricity generation (in GWh)

201420162018202020220100200300400500 GWh

The largest electricity generating technology in Lesotho in 2022 was Large Hydro, generating some 100% of electricity.

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Investment in clean energy in Lesotho was around $16 million in 2019.

Utility privatisation

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

Generation: Yes
Transmission: No
Retail: No

Type

Question

Availability

Wholesale power market

Does the country have a wholesale power market?

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?

No

Type

Question

Availability

Fossil fuel price distortions - Subsidies

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

Yes

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

Transport

Transport policy

Lesotho does not implement any policies in any of the transport policy categories tracked by Climatescope.

Transport policies

Clean transport target
National ICE phase-out
EV purchase grant/loan incentive
EV VAT reduction/exemption
EV import tax reduction/exemption
EV income tax reduction/exemption
EV recurring tax reduction/exemption
EV charging infrastructure target
E-bus target

Type

Question

Availability

Fuel economy standards

Does the country have a fuel economy standard in place?

No
Climatescope 2023 print report cover

Power Transition Factbook

This marks the 12th anniversary of Climatescope, BNEF’s annual assessment of energy transition opportunities. In recent years, the project has been expanded to include activity not just in clean power, but also in the decarbonization of transportation and buildings.

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