Sri Lanka’s state-run Ceylon Electricity Board (CEB) has proposed reducing tariffs by an average of 3 percent, in a new cost and tariff filing, but the proposed costs have fallen 27 percent, Chairman of the Public Utilities Commission, Janaka Ratnayake said.
“The CEB has proposed to reduce it by only three percent,” Janaka Ratnayeka, Chairman of the Public Utilities Commission (PUCSL) told reporters on Thursday.
In the tariff proposal,the CEB has revised its earlier estimated cost for the second half of 2023 (July to December) from 392 billion rupees to 285 billion rupees.
This indicates a fall in cost of around 27 percent.
