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CEB revises tariffs to give leeway to groups that consume less electricity
The Ceylon Electricity Board (CEB) electricity tariff revision proposed for the July to December period of this year has suggested reductions for hotels, and the three lower consumption blocks of the domestic sector and religious institutions. The proposed tariff revision is currently under review.
According to a CEB spokesperson, the revisions were suggested in anticipation of surplus revenue.
The new tariff proposal has been prepared to provide relief to low-income and vulnerable groups and the entities of economically important businesses, based on the Power and Energy Ministry’s policy instructions, the CEB spokesperson added.
Accordingly, surplus has been allocated to consumers of the first three blocks in the domestic and religious categories. It had been suggested by the CEB, to reduce costs for the three lower consumption blocks of the domestic category by 28, ten and seven per cent respectively, and for the three lower consumption blocks in the religious category by 29, nine and seven per cent respectively.
It had also been suggested that the average electricity bill of hotel consumers should be reduced by roughly 20 to 40 per cent.
The CEB had noted it incurred a loss of Rs 30.7 billion in January and February this year due to the Public Utilities Commission of Sri Lanka’s (PUCSL) delay in implementing the new tariff, till February 15.
Moreover, the CEB’s biggest loss in ten years was incurred last year, when a loss of Rs 167.2 billion was recorded. The State-owned entity had also incurred a loss of Rs 409.2 billion since 2013.
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