Sri Lanka regulator approves 65% hike in electricity tariffs

Sri Lanka
By Editor_1

COLOMBO – Sri Lanka’s electricity regulator has approved a 65% hike in electricity tariffs effective from Wednesday (15), a government source said.

The latest hike comes in addition to a 75% hike that came into effect in August last year.

The Public Utilities Commission of Sri Lanka (PUCSL), the country’s power regulator, approved the government’s request for a 65% hike on Wednesday, the source said.

However, officials said the hike which will give about a 66% revenue increase to the Ceylon Electricity Board (CEB) is subject to conditions.

The four member commission approved the tariff hike with chairman of the Commission Janaka Ratnayake dissenting.

-Agencies

Editor_1
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