Notable
Demand management measures, or power cuts, no longer necessary
New government has vowed to review Adani project due to high tariff
The power cuts will start around 1530 pm and end at 1000 pm in four separate time slots of 90 minutes each.
They don't have flexibility to control because they have limited inertia
Some CEB employees, trade unions have opposed the new reforms
The CEB has proposed spreading the increase evenly across consumer groups
A roadmap and timeline will be submitted to the cabinet of ministers on the matter, said Wijesekara.
The CEB move has mainly burdened lower unit consuming users, the official CEB data showed.
"I have instructed Secretary to the Min of Power & Energy to commence the process to terminate them," he said.
People have started street protests against high electricity tariff
"It is a cost-effective but highly risky power source," Gunawardana said.
"A reforms office will be opened at the Ministry of Power & Energy to see through the transformation."
Progress of the Renewable energy project of 500 MW in Pooneryn & Mannar
Rs 22 bn from Bank of Ceylon and Rs50 bn from People's Bank
Sri Lanka has raised electricity tariff more than 100 percent in the last 7 months
"However I know one thing, and that is the CEB is unable to manage whatever the income they get."
| Latest | Last | |
|---|---|---|
| US Dollar | 332.3603 | 330.8514 |
| UK Pound | 440.9424 | 438.3450 |
| Euro | 368.4879 | 371.0168 |
| Yen | 2.0805 | 2.0916 |
| Aus Dollar | 227.4342 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.5474 | 3.4202 |
| Korean Won | 0.2492 | 0.2479 |
| Oman Rial | 863.2287 | 859.3320 |
| Saudi Riyal | 88.5586 | 88.0955 |
| UAE Dirham | 90.4874 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 6,365.57 | +0.26% |
| CSE All Share | 22,157.40 | +0.56% |
| Turnover Rs | 2975.05 million | 1193.67 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
Sri Lanka will finally end daily scheduled power cuts from Thursday February 16
Sri Lanka stops power cuts after increasing electricity tariff more than double from January last year
Tariff hike subject to conditions
Three members of the commission have instead approved the CEB filing in full
PUCSL chairman alleges irregular attempts to approve tariff hike
There have been claims and counter claims about hiking tariffs and costs
PUCSL was hit by resignations amid disputes over a tariff hike and other decisions.
The PUCSL has been at logger head with Power Minister and CEB over uninterrupted power supply
CEB, regulator and Human Rights Commission
CEB agreed for uninterrupted power supply until February 17.
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