Mar 262013
 

Leading News from Sri Lanka::

* Sri Lanka Public Utility Commission receives 100 submissions on electricity tariff hikeTue, Mar 26, 2013, 09:10 pm SL Time, ColomboPage News Desk, Sri Lanka.

Mar 26, Colombo: Sri Lanka’s regulator of electricity sector, Public Utility Commission says that it has received around 100 written submissions regarding the proposed increase in electricity rates.

The Director General of Public Utility Commission of Sri Lanka (PUCSL) Damitha Kumarasinghe told media that the submissions are still being accepted.

The Commission has also planned to have a public hearing on the electrical tariff hike on April 04.

Sri Lanka’s power authority Ceylon Electricity Board (CEB) has proposed an increase in tariffs to defray the loss of Rs. 59 billion from the cost of producing electricity in 2013.

After assessment of cost estimates filed by the CEB for the year 2013, the PUCSL has decided to make necessary cutbacks to those estimates to minimize losses.

According to the CEB cost estimates the power authority will need Rs. 268 billion to provide electricity to consumers in 2013.

After an in depth analysis, the regulator has decided that the estimated costs can only be recovered through electricity tariffs.

The tariff hike is likely to affect the middle level consumers as users of more than 100 units a month will have to face a staggering increase of 94%.

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