The Ceylon Electricity Board (CEB) has confirmed that a new electricity tariff proposal is ready but awaits the re-establishment of the Pu...
The Ceylon Electricity Board (CEB) has confirmed that a new electricity tariff proposal is ready but awaits the re-establishment of the Public Utilities Commission of Sri Lanka (PUCSL) for submission and approval. A senior CEB official, who spoke on condition of anonymity, emphasized that the authority to implement changes in the electricity tariff lies solely with the PUCSL.
The official also mentioned that while the electricity tariff was originally scheduled for revision on 1 October, the process has been delayed due to the absence of the PUCSL. The new tariff, whether it will increase or decrease, is expected to be implemented starting from January 2025, once the proposal is reviewed and approved by the reconstituted commission.
"The PUCSL will conduct the necessary reviews when it is operational, and we anticipate that the new tariffs will take effect in January next year," the official stated.
This expected revision comes after the previous adjustment in July 2024, when the PUCSL reduced electricity prices for domestic consumers by 25%, as part of a broader 22.5% tariff cut across all categories.
Electricity tariffs in Sri Lanka are scheduled for revision on a quarterly basis, with the next adjustment originally due in October.
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