What is the cost of electricity in Liberia?

The tariff on generator usage in Liberia is estimated to be approximately US$3.96/kWh, which is around 14 times higher than the LEC tariff, according to Options for Development of Liberia’s Energy Sector. The document also mentions that the consumption of thermal energy in the form of charcoal and firewood costs Liberia about 960,000 trees per year.

What is energy consumption in Liberia?

Energy consumption in Liberia is dominated by biomass with a share of more than 80% of the used primary energy sources. Most important is woody biomass being used for domestic cooking and heating. In 2004, it was estimated that over 95% of the population depends on firewood and charcoal for cooking and heating needs and palm oil for lighting.

What is the real cost of Liberia's energy crisis?

The tariff on generator usage in Liberia is estimated to be about US$3.96/kWh, which is approximately 14 times as high as the LEC tariff. Additionally, the consumption of thermal energy in the form of charcoal and firewood is costing Liberia about 960,000 trees per year. This information does not constitute an endorsement by MCC of any kind.

What are base year costs for utility-scale battery energy storage systems?

Base year costs for utility-scale battery energy storage systems (BESSs) are based on a bottom-up cost model using the data and methodology for utility-scale BESS in (Ramasamy et al., 2023). The bottom-up BESS model accounts for major components, including the LIB pack, the inverter, and the balance of system (BOS) needed for the installation.

Do battery storage technologies use financial assumptions?

The battery storage technologies do not calculate levelized cost of energy (LCOE) or levelized cost of storage (LCOS) and so do not use financial assumptions. Therefore, all parameters are the same for the research and development (R&D) and Markets & Policies Financials cases.