- Last Update 2024-07-19 10:17:00
CEB to raise electricity tariff to minimise losses
Sri Lanka’s state-run Ceylon Electricity Board (CEB) is to raise electricity tariffs to meet rising costs and minimising losses, CEB sources said.
A senior official of the CEB said that electricity tariffs should be revised to reflect the use and the income level of consumer.
The tariff hike will reduce the losses of the power utility which is estimated to be around Rs.173 billion this year; a Finance Ministry official said adding that it is essential to increase the rate to around Rs. 28 per unit on average from the present average tariff of Rs.18.57.
According to provisional estimates of the CEB, the expenditure for direct power generation of the board will be in the region of Rs.287 billion and the revenue from the sales of power units is Rs. 263 billion this year.
The total expenditure included the distribution, transmission, loans salaries and other overheads.
The CEB’s total power generation cost is consisted of Rs.52 billion for fuel, Rs.85 billion for coal, Rs.100 billion for external power purchase, and Rs.48 billion for renewable energy purchase. (Bandula)
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