ECONOMYNEXT – The Public Utilities Commission of Sri Lanka, which regulates the power sector has been ordered closed after a budget proposal said the laws of the regulator and the power utility will be reformed, industry sources said.
President’s Secretary P B Jayasundera had informed the Treasury to start the process to close the Commission and re-assign staff to other agencies, making references to a requirement to speed up the execution of a power generation plan.
Regulating tariff is expected to be assigned to the Consumer Affairs Authority.
The budget said both the Ceylon Electricity Board and the PUCL laws would be revamped.
The PUCSL is an independent multi-sector regulatory agency established by an act of parliament to oversee utilities which were state monopolies. It was also acting on consumer complaints and safety. (Colombo/Dec03/2020)