Govt. to implement PUCSL recommendation for electricity tariff reduction

Govt. to implement PUCSL recommendation for electricity tariff reduction

January 18, 2025   11:15 am

Sri Lanka’s Minister of Energy, Kumara Jayakody has stated that as a priority, the government will implement the recommendations of the Public Utilities Commission of Sri Lanka (PUCSL) to reduce electricity tariffs. 

He emphasized that recommendation will be implemented considering this as the first phase in the plan to provide a 30% tariff reduction over the next three years for the domestic, hotel, and industrial sectors.

He made these remarks in response to an inquiry from Ada Derana.

Meanwhile, the Minister has also issued a special statement today regarding the matter.

“I am aware that a significant reduction in electricity bills is a great relief to the people. I am pleased that as a government, we have been able to manage the challenges and provide relief to the public,” Minister Jayakody said in the special statement today (18).

“I hope that all the people of the country, especially those in the hotel sector and industrialists, have benefited greatly from this,” he added. 

Accordingly, he stated that the overall electricity bill will be reduced by about 20%, with the recommendations of the PUCSL being accepted and implemented from midnight on January 17.

The PUCSL had announced that it has decided to reduce electricity tariffs by an average amount of 20% overall for the first 06 months of the year, with effect from midnight yesterday (17).

However, the Ministry of Energy later issued a special announcement regarding the revision of electricity tariffs recommended by the Public Utilities Commission of Sri Lanka (PUCSL), yesterday (17).

According to the announcement, once the new electricity tariff revision recommended by the PUCSL is officially received, it will be implemented by the Ceylon Electricity Board (CEB) following the advice of the Ministry of Finance.

 

Energy Ministry 2025-01-18 by Adaderana Online

 

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