ECONOMYNEXT – Sri Lanka’s Public Utilities Commission has received a request from the Ceylon Electricity Board to raise tariffs, a media report quoted Chairman Janaka Ratnayake as saying.
The CEB proposal will be approved with revisions Sri Lanka’s Aruna newspaper quoted Ratnayake as saying.
The report said the CEB was now losing 13 rupees per unit and a tariff increase has been sought to get 14 billion rupees in extra revenues.
For the lowest category the per unit rate of 5.50 had been sought from the current 2.50 and the fixed fee will go to 290 rupees from 30 rupees, the report said.
The report said factories will get a 38 percent hike, hotels 23 percent and state agencies 22 percent.
The last tariff revision was eight years go.
Other reports said the revised proposal will go the cabinet of ministers this week.
The central bank has printed money and depreciated the currency from 130 in 2012 to around 275 by March 2022.
Though the currency has been floated, a true float has not yet taken place. (Colombo/Mar20/2022)