Energy Minister Kanchana Wijesekera says that the Ceylon Electricity Board has made a request to increase electricity bills with the approval of the Public Utilities Commission.
The Minister said that the CEB is currently incurring losses of around Rs. 500 million per day and that it is necessary to introduce a price formula that is commensurate with the cost of generation.
However, the Minister said that the price hike would be done in a proper manner and that it would be wrong for anyone to say that it would take place from tomorrow morning.
Energy Minister Kanchana Wijesekera has stated this while participating in a conversation held on Derana TV yesterday (25).