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Discussion held to reduce electricity tariffs

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A discussion on the revised proposal to reduce electricity tariffs was held this morning at the Ministry of Power & Energy.

CEB management & tariff department officials briefed on the revised new tariff proposal, cost reduced from capital and operating expenses from the original proposal, cash flow requirements for 2024 and suggestions received and considered from public consultation and stakeholder meetings,stated the  Power and Energy Minister Kanchana Wijesekera.

CEB will submit their new revised proposals to reduce electricity tariffs tomorrow to the PUCSL. CEB expects to reduce the rates by at least the same rates & percentages it was increased in October 2023.

2023 October the tariffs were increased in the for the Domestic and Religious sectors by 18%, Industries & Hotel sectors by 12% & General Purpose & Government Buildings sectors by 24%.

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