A car drives past smoke rising from a power plant in Zouk area, north of Beirut June 9, 2017. REUTERS/Ali Hashisho
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Companies and public institutions risk drastically raising EDL's deficit by building new power plants and increasing production if subsidies on gasoil and fuel oil are not gradually removed, or if authorities fail to find cheap alternatives, such as gas or renewable energy.Successive governments since 1996 have subsidized the cost of purchasing of gasoil to keep power plants up and running.The Finance Ministry has placed a LL2.1 trillion ($1.4 billion) ceiling for purchasing gasoil each year, and this has forced EDL to increase electricity rationing in most Lebanese areas.At present, all of the country's power plants generate less than 1,800 MW of electricity, although the actual consumption is well over 2,500 MW.A study on the electricity sector by BLOMINVEST explained what has been a never-ending energy crisis since the 1990s.BLOMINVEST said in its report that the average Lebanese family spends a substantial amount on electricity bills, both from EDL and private generators.
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