Over seventy people participated in the consultation of public opinion on electricity tariff revisions which concluded on Friday. A senior official of the Public Utilities Commission of Sri Lanka (PUCSL) said that consultations concluded on a fairly successful note.
The consultations took place with public opinion gathered from the Western Province and took place at the Bandaranaike Memorial International Conference Hall in Colombo. Public consultations in eight provinces have already been completed.
The Public Utilities Commission stated that a decision to reduce electricity tariff will be announced before the 17th of this month. The CEB was directed to submit the tariff proposal for the first tariff revision of 2025, by November 1, 2024, in terms of the Section 30 of Sri Lanka Electricity Act No. 20 of 2009 and Commission approved ‘Tariff Methodology – 2021’.
Accordingly, the end user and bulk supply tariff proposals by CEB, for the first tariff revision of 2025, were received by the Commission on December 06, 2024.
To proceed with the tariff review process, the Commission requested information and clarifications from the CEB and LECO.
The PUCSL is empowered to seek views of stakeholders on tariff review iIn terms of Section 17(b) of Public Utilities Commission of Sri Lanka Act, No. 35 of 2002, and Section 30(3)(b) of Sri Lanka Electricity Act, No. 20 of 2009.
The PUCSL approved the revision of electricity tariffs in March 2024. The overall tariff reduction was 21.9 percent. The CEB had proposed to reduce tariffs by 3.4 percent last January and then by 16 percent in a revised proposal presented on February 22.
The commission decided to reduce the electricity tariffs by 21.9 percent, considering suggestions made during the public consultation and reviews carried out by the Public Utilities Commission of the cost data submitted by the Ceylon Electricity Board.
