header logo
Asia asset finance
Latest
CEB proposes 6% electricity tariff revision for December
Oct 26, 202402:14 PM
CEB proposes 6% electricity tariff revision for December

The Ceylon Electricity Board (CEB) has submitted its proposal for a possible tariff revision in December to the Public Utilities Commission of Sri Lanka (PUCSL), marking the third quarterly review for the year. 

 

According to the PUCSL, the upcoming electricity tariff adjustment is expected to be a modest increase, anticipated at 6% across all sectors. 

 

PUCSL Director of Corporate Communications Jayanath Herath noted that a reduction ranging from 4% to 11% had initially been considered, but the current proposal suggests a moderate 6% adjustment. 

 

The proposed changes are currently under review by PUCSL. 

 

Following this, the proposal will undergo a public consultation phase before a final decision is made. Should the commission require additional modifications, the Electricity Board will receive feedback on Monday for further action, he added.

 

This marks the third adjustment of electricity tariffs this year. The first revision in March resulted in a 21.9% revision for all segments, followed by a 22.5% reduction in July.

 

 

 

MostRead
Mobitel 5g
VideoStories
Farmers decry lack of fertilizer stocks; Fertilizer for Yala season already disbursed, Minister says

Farmers decry lack of fertilizer stocks; Fertilizer for Yala season already disbursed, Minister says

First graduation ceremony of Mogo Media Academy held in Colombo; 115 students awarded certificates

First graduation ceremony of Mogo Media Academy held in Colombo; 115 students awarded certificates

“Global & domestic pressure may challenge future stability" Steps announced to tackle rising risks

“Global & domestic pressure may challenge future stability" Steps announced to tackle rising risks

Former MP Udaya Gammanpila claims Suresh Sallay on hunger strike in CID custody

Former MP Udaya Gammanpila claims Suresh Sallay on hunger strike in CID custody

Govt assures fair paddy prices aligned with farmers' production costs

Govt assures fair paddy prices aligned with farmers' production costs

Schools must serve as safe and secure spaces for children -PM Harini Amarasuriya

Schools must serve as safe and secure spaces for children -PM Harini Amarasuriya

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

Private bus operators demand 5% fare revision following the fuel price hike

Private bus operators demand 5% fare revision following the fuel price hike

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

Sri Lanka likely to face drought in July-August as El Nino threat grows - Met Dept.

Sri Lanka likely to face drought in July-August as El Nino threat grows - Met Dept.

Funds collected under ‘Rebuilding Sri Lanka’ initiative remain unused in Treasury DST account?

Funds collected under ‘Rebuilding Sri Lanka’ initiative remain unused in Treasury DST account?

Fuel import costs hit USD 522 million in May,highest monthly foreign reserve outflow

Fuel import costs hit USD 522 million in May,highest monthly foreign reserve outflow

Lassana Flora