The Public Utilities Commission of Sri Lanka (PUCSL) has announced that electricity tariffs have been increased by 15% with effect from tomorrow (12 June).
Representatives of the PUCSL said the decision was taken after reviewing written and oral submissions received during the public consultation process held on the proposed tariff revision.
Addressing the media, they further said that the tariff hike has been implemented based on the tariff regulation process and by taking into consideration other important factors.
Previously, the Ceylon Electricity Board (CEB) had requested an 18.3% tariff hike for the period from June to December. Submitting the proposal, the CEB said that it was necessary to manage rising operating costs and repay debt, including previous borrowings.
Addressing the media, Damitha Kumarasinghe, Director General of the PUCSL, said the commission has implemented several electricity tariff reductions recently:
- March 2024 : 21% reduction
- July 2024 : 23% reduction
- January 2025 : 25% reduction
Kumarasinghe said that despite today’s increase, tariffs had decreased by 51% when compared from January 2024 to January 2025.
“In 2014, the unit price was Rs. 21.39. With today’s decision, it has increased to Rs. 27.80. In other words, over the past 11 years, the electricity bill has risen by Rs. 6.50, or 30%,” he explained, adding that there have been increases at certain points during that period. (Newswire)
