Colombo (LNW): Minister of Power and Energy Kanchana Wijesekera has indicated that electricity tariffs may see a reduction to previous rates in the scheduled tariff revision set for January 2024.
The Minister made these remarks during a media briefing held at the Presidential Media Centre (PMC) on the 19th.
Wijesekera explained that the earlier tariff increase in October was necessitated by the higher cost of electricity generation using fossil fuels due to dry weather conditions.
However, he highlighted the current situation where hydropower is being generated at maximum capacity, thanks to recent rainfall over the past two months and anticipated continued rainfall for the next two weeks.
This change in weather conditions has prompted the Ceylon Electricity Board (CEB) to propose a revision in the electricity tariff.
The Minister emphasised that the upcoming tariff revision in January could result in a reduction of the increased tariff, providing relief to the public.
The government will take into account the CEB’s balance sheets in December when making decisions regarding tariff adjustments.
