COLOMBO (NewsRadio); Chairman of the Public Utilities Commission of Sri Lanka Janaka Ratnayake claims that following the electricity tariff hike, the usage has reduced by nearly 20 percent.
Ratnayake said the recent price revision has a negative impact on the plans to increase the revenue of the Ceylon Electricity Board.
He said due to the reduction in demand, the CEB will not be able to reach the envisage revenue target.
The Ministry of Power and Energy initially attempted to increase electricity tariff from the 1st of January.
However, it received approval only from the 15th of February.
Janaka Ratnayake claimed that the usage has decreased drastically due to the tariff hike which will have a dent on the revenue of the CEB.