Tuesday, April 16, 2024
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Electricity bill to soar? Final decision today

The Ceylon Electricity Board (CEB) has reportedly decided to increase the electricity bill in response to the increasing production cost triggered by the fuel price hike.

However, by which percentage should the amount be soared is yet to be decided, and therefore, a special discussion is being held in this regard today, reports added.

At present the CEB is incurring an annual loss of Rs. 250 billion, compelling the state-run body to surge the electricity bill with no other option, senior CEB officials noted.

The revision in the electricity bill will be taking into account the skyrocketed fuel prices, the surge in production costs and the surge in losses incurred per unit of electricity. Failure to increase prices during the last nine years may also be taken into account, correspondents revealed.

Meanwhile, the Water Supply and Drainage Board stated that the water bills are also likely to soar, should the electricity bill be increased. The cost of water supply will also increase given that electricity is used to pump water, it added.

MIAP

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