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Electricity tariffs up by 69 percent from next month

Published

3 years ago

2022/07/20

By Ifham Nizam

The Public Utilities Commission, yesterday said that power tariffs would be increased from the beginning of next month.A PUCSL official told The Island that from August the existing electricity tariffs would be increased by 69 percent.

PUCSL Chairman, Janaka Rathnayake, yesterday said that although the Ceylon Electricity Board (CEB)had demanded a 130 percent tariff hike, the revision would be implemented by giving concessions to the lowest electricity consumers. However, he has recently said that despite the CEB seeking approval for 82% tariff hike, the Commission is of the view that it should not exceed 57%. The tariff revision for 2022 has been proposed as per Section 30 of the Sri Lanka Electricity Act No. 20 of 2009. Earlier, the CEB was targeting annual revenue of Rs. 512 billion through the tariff revision. However,

the PUCSL recommends that the price of an average unit of electricity should not exceed Rs. 28.14. The PUCSL also recently recommended that the CEB should reduce their operating costs by 10% by increasing its efficiency and use that savings to encourage and absorb more renewable energy into the system. More than 3.14 million households use less than 60 units monthly, which accounts for some 50 percent of the total electricity users. Recently, the PUCSL Chief recommended that the Government provide a subsidy of Rs. 65 billion to the aforementioned category.

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“Sri Lanka’s Economic Revival – Reflection on the Journey from Crisis to Recovery” by Mahinda Siriwardana presented to the President

Published

6 hours ago

2025/04/8

Priyan

The book “Sri Lanka’s Economic Revival – Reflection on the Journey from Crisis to Recovery” ,authored by Secretary to the Ministry of Finance, Mr. Mahinda Siriwardana, was officially launched this morning (08) at the Galle Face Hotel, Colombo, with the participation of President Anura Kumara Disanayake.

The first copy of the publication was formally presented to President Disanayake by Mr. Siriwardana during the event.

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Former state minister arrested by CID

Published

6 hours ago

2025/04/8

Priyan

It has been reported that former State Minister Sivanesathurai Chandrakanthan alias ‘Pilleyan’ has been arrested by the Criminal Investigation Department (CID).

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President meets with senior officials of SriLankan Airlines

Published

6 hours ago

2025/04/8

Priyan

A meeting between President Anura Kumara Disanayake and senior officials of SriLankan Airlines was held this afternoon (April 8) at the Presidential Secretariat.

The discussions mainly focused on proposals to transform SriLankan Airlines into a more profitable state-owned enterprise. Special attention was also given to possible short-term and long-term solutions for the airline’s debt management.

The talks further explored new investment opportunities for the airline. The President instructed the officials to take all necessary steps to transform SriLankan Airlines into a profit-making entity.

Although the airline has recorded operational profits, due to past mismanagement and poor decision-making, it remains one of the leading loss-making state enterprises. The current government has decided to reverse the previous administration’s decision to privatize the airline. Instead, it plans to continue operating it as the national carrier while introducing a new management structure to ensure its profitability moving forward.

Minister of Labour and Deputy Minister of Economic Development Dr. Anil Jayantha Fernando, President’s Senior Advisor Duminda Hulangamuwa, Chairman of SriLankan Airlines Sarath Ganegoda along with several senior officials of SriLankan Airlines, were present at the meeting.