COLOMBO: The Cabinet of Ministers considered the proposal submitted by President Ranil Wickremesinghe as Finance, Economic Stability and National Policies Minister and Power and Energy Minister Kanchana Wijesekera regarding the revision of electricity tariffs.
Cabinet Spokesman Mass Media Minister Dr.Bandula Gunawardena speaking at the weekly Cabinet media briefing held at the Government Information Department yesterday said it was further observed by the Cabinet that the Treasury is not able to provide the necessary funds for the Sri Lanka Electricity Board within the existing financial space and therefore there is no other option but to revise the existing electricity tariffs to ensure a continuous electricity supply in the country while minimizing the impact on electricity consumers as much as possible. Accordingly, approval was given to proceed as follows.
1. The Public Utilities Commission of Sri Lanka will further study the proposed revision of electricity charges submitted by the Electricity Board and if any revision is required, to submit the same on or before February 15, 2023.
2. Until then, the Ceylon Electricity Board and the Public Utilities Commission of Sri Lanka will jointly take necessary measures to implement the electricity tariff revision proposed by the Ceylon Electricity Board with effect from January 1st, 2023 as an interim measure in accordance with the amendments to the Public Policy Guidelines currently in force regarding the Power Industry.