By: Isuru Parakrama
November 04, Colombo (LNW): The Public Utilities Commission of Sri Lanka (PUCSL) has instructed the Ceylon Electricity Board (CEB) to present a more robust proposal for lowering electricity tariffs, deeming the initial reduction insufficient.
The CEB has until 8 November to deliver an updated plan.
The initial proposal, submitted by the CEB on October 24 October, suggested tariff cuts between 4 per cent and 11 per cent.
However, stakeholders, including consumer advocacy groups, have raised concerns that these reductions fall short, particularly in light of the CEB’s improved financial performance in recent months.
Critics argue that the utility provider’s profitability should translate into more significant relief for consumers facing high electricity costs.
PUCSL Communications Director Jayanath Herath highlighted that, following the submission of a revised proposal by the CEB, the PUCSL will work on a counter-proposal.
This will aim to ensure that the final tariff adjustments are better aligned with both consumer expectations and the utility’s recent financial outcomes.
