Sri Lanka power regulator proposes average tariff hike to Rs32 a unit

ECONOMYNEXT – Sri Lanka’s power regulator has proposed an average tariff hike to 28 a kilowatt hour from the current about 16 rupees, with low users to get a subsidy from the Treasury, Public Utilities Commission Chairman Janaka Ratnayake said.

The Ceylon Electricity Board has requested revenue of 512 billion rupees.

The regulator has asked for a Treasury subsidy of 65 billion rupees a year to from the Treasury for low income users.

The Treasury has raised value added tax to 12 percent from 8 percent to get more taxes from the people.

The CEB has requested total revenue of 512 billion rupees, but it does not include the most recent diesel price hikes, Ratnayake said.

Download consultation document Consultation-document

The CEB’s proposed tariff hike and the counter proposal will be place for public consultation from tomorrow, he said.

Foreign currency earnings customers would be required to settle bill in US dollars, he said. (Colombo/June27/2022)

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: