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Relief pricing formula for electricity extended

Dec 28, 2010 10:15:32 AM - itnnews.lk

President Rajapakse has instructed the Ceylon Electricity Board to extend the earlier maintained relief pricing formula up to the first 120 units to the consumer.

In the 2011 Budget, it was agreed not to amend the electricity rates up to 90 units. However, the President decided that this limit should be increased up to 120 units, targeting the granting of relief to more households. Accordingly, the Ministry of Power and Energy has emphasized that no changes will be effected to electricity bills up to 120 units. In the Budget, it was agreed to reduce the rates of electricity to places of religious worship, government hospitals and government schools by 25 percent. No changes will be effected to this proposal.

The Power and Energy Ministry and the Public Utilities Commission met at Temple Trees this morning and the necessary instructions were given by the President at this meeting. The country has now unveiled a massive development programme. An eight percent economic growth has also been achieved. Inflation has been decelerated to six percent. Investments are on the rise. This situation should be further strengthened. The President pointed out that increasing electricity rates as announced is not suitable for expected development in the country. Although some increase had to be effected to the electricity bills, it was emphasized at this meeting that this should be done in a more reasonable manner. Minister Patali Champika Ranawaka and many senior officials joined in this discussion.