Water, petroleum to come under Sri Lankan utilities regulator
ECONOMYNEXT – The Public Utilities Commission of Sri Lanka (PUCSL), which now regulates the electricity sector, said the water and petroleum industries will soon be brought under the commission’s purview.
Releasing its Activity Plan for 2016 the PUCSL said the government provided policy and legislative backing through its 2016 budget presented in November 2015 to broaden and strengthen the commission.
The PUCSL would be given regulatory powers over the water services industry and petroleum industry enabling a more cost reflective transparent pricing mechanism, it said.
Currently, the commission acts as the ‘shadow regulator’ for the lubricants sub-sector.
The PUCSL regulates generation, transmission, distribution and use of electricity and aims to ensure the electricity sector has adequate investments, greater availability, efficient supply, and improved quality of service for consumers, the announcement said.
(Colombo/January 05, 2016)