The Ceylon Electricity Board (CEB) has submitted a proposal to the Public Utilities Commission of Sri Lanka (PUCSL) for a possible 6% tariff revision in December, marking the year’s third quarterly review of electricity rates.
Key Highlights:
- Modest Adjustment Expected: PUCSL indicates a 6% increase across all sectors is anticipated, a moderate adjustment compared to the initial consideration of a 4% to 11% reduction.
- Public Consultation Process: The proposal will enter a public consultation phase, allowing for stakeholder input before the final decision. PUCSL plans to provide feedback to the CEB if modifications are needed, with the next discussion scheduled for Monday.
- Previous Adjustments: This proposed increase follows two earlier revisions: a 21.9% hike in March and a 22.5% reduction in July, aiming to balance affordability with CEB’s financial sustainability amid economic pressures.
The proposal comes as part of ongoing efforts to stabilize the electricity sector while managing operational costs effectively. The final decision by PUCSL is expected to address both consumer concerns and CEB’s financial requirements.
Update from CEB
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Ceylon Electricity Board (CEB)
Last modified: October 27, 2024
