EDL takes measures to ensure 'as much as possible' the continuity of electricity supply in Lebanon

BEIRUT — The public fuel supplier Électricité du Liban (EDL) stated Tuesday that it is taking steps to ensure "as much as possible" the continuity of electricity supply, as the rapid rise in global oil prices due to risks related to the war in the Middle East threatens to affect the country’s power plants’ supply and consequently, production.

In a statement, EDL explained that "the current security conditions and the rapid rise in global oil prices" are impacting production costs. Faced with this situation, which is continuously being evaluated with the Energy Ministry, the utility claims it is "constantly taking appropriate measures and adjusting its production policy as well as its operating plan according to new data, in order to ensure as much as possible the continuity of electricity supply, particularly for Lebanon’s vital infrastructure (Beirut Rafik Hariri Airport, port, water pumping stations, sanitation networks, Palace of Justice, as well as essential state administrations and facilities...)."

EDL also sought to reassure the Lebanese "regarding the stability of the electricity supply," saying it "continues to regularly assess the situation and is taking the necessary operational and technical measures to adapt to current challenges."

Crude oil prices have seen a dramatic increase over the past ten days due to the conflict in the Middle East. On Monday, the barrel surpassed $100 for the first time since 2022, fueled by investor concerns about the blockade of the Strait of Hormuz and damage to energy infrastructure. Although prices have declined since last night, following comments by Donald Trump assuring that the war with Iran is 'almost' over, analysts are predicting a certain level of market volatility, reflecting the ongoing uncertainty about the balance of power, with contradictory statements and multiple strikes.