APPROVAL FOR ELECTRICITY TARIFF HIKES IN TWO STAGES BY CABINET

Cabinet approves electricity tariff hikes under 2 steps!

 

Although the electricity tariff has been increased in the past, it is not sufficient to cover the loss of the electricity board and thus, the request to increase the electricity bill has received cabinet approval.

The aforesaid was disclosed at the Sub Committee on Identifying the Short & Medium-Term Programs related to Economic Stabilization of the National Council held yesterday (29).

Accordingly, the Cabinet has approved to increase the electricity tariffs under two steps in January and June 2023 and accordingly the relevant measures are to be taken for the purpose of obtaining approval of the Public Utility Commission, said Mr. Rohan Seneviratne, Additional General Manager of the Electricity Board.

This was disclosed at the Sub Committee on Identifying the Short & Medium-Term Programs related to Economic Stabilization of the National Council held under the Chairmanship of Patali Champika Ranawaka, Member of Parliament.

The representatives of the government and private institutions related to the power sector were called before the Committee to obtain proposals for the purpose of solving the issues in the power sector.

In order to cover the current loss, the electricity bill should increase by about 70%, the electricity board representatives said.