Cabinet proposes Electricity Price Formula; says no option but to increase the tariff


COLOMBO (Information 1st) – Sri Lanka’s Cupboard of Ministers determined to intruct the Minister of Energy and Vitality to introduce a worth system for electrical energy tariff, much like the gas worth system.

The Authorities Info Division in an announcement stated that the Cupboard of Ministers thought-about the proposal submitted by the President in his capability because the Minister of Finance, Financial Stability and Nationwide Insurance policies and the Minister of Energy and Vitality concerning the revision of electrical energy tariffs. 

It was additional noticed by the Cupboard that the Treasury just isn’t in a position to present the mandatory funds for the Sri Lanka Electrical energy Board inside the present monetary house and due to this fact there is no such thing as a different possibility however to revise the present electrical energy tariffs to make sure a steady electrical energy provide within the nation whereas minimizing the impression on electrical energy customers as a lot as doable. 

Accordingly, approval was given to proceed as follows:

– The Public Utilities Fee of Sri Lanka will additional research the proposed revision of electrical energy expenses submitted by the Electrical energy Board and if any revision is required, to submit the identical on or earlier than 15.02.2023.

– Till then, the Ceylon Electrical energy Board and the Public Utilities Fee of Sri Lanka will collectively take obligatory measures to implement the electrical energy tariff revision proposed by the Ceylon Electrical energy Board with impact from 01.01.2023 as an interim measure in accordance with the amendments to the Public Coverage Tips presently in drive concerning the Energy Business

– If the Sri Lanka Public Utilities Fee submits any amendments, the Ceylon Electrical energy Board will take steps to implement these amendments and make the mandatory changes to future month-to-month electrical energy payments.

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