Govt. announces 75% power tariff increase

- island.lk

By Ifham Nizam

The Public Utilities Commission (PUCSL) yesterday said that the new electricity tariff hike of 75 percent would be effective from today.

The electricity bill of the consumers who use up to 30 units per month will increase by Rs. 198.

The average monthly electricity bill for those who consume up to 60 units will be increased by some Rs. 200.

Although the Ceylon Electricity Board (CEB) had sought an increase of 276% for the consumers who used more than 90 units, the PUCSL stood firm on sticking to 125%, according to PUCSL Chairman, Janaka Ratnayake, who said that 75 % of the electricity consumers continued to benefit from a subsidy.

Steps had also been taken to encourage electricity consumers to promote renewable electricity generation with the tariff revision decision, he said.

Ratnayake said that the new tariff revision had been formulated to provide relief to the hotel sector and the industrial sector.

“During the last nine years, the value of the dollar has increased by 190 percent. Therefore, the industries in the export sector will not be greatly affected by this electricity tariff revision,” he said.

Instead of the 116 percent tariff increase proposed by the Ceylon Electricity Board for industries, hotels and general-purpose sectors, with low electricity consumption, will get an approved tariff increase of 39 percent for the public sector and 75 percent for the industrial sector.

Only 50 percent of the increase in the approved rates, especially for the tourism sector will come into effect tomorrow. The remaining 50 percent tariff increase will come into effect after another three months as an incentive and relief, facilitating the tourism industry’s recovery, according to the government.

In addition, it has been decided to provide a 1.5 percent discount when electricity bills are paid in dollars as a relief to the tourism and export industries.

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