The Public Utilities Commission of Sri Lanka has approved a new electricity tariff revision which will be effective from tomorrow (10).
Commenting on the revision, PUCSL Chairman Janaka Ratnayake said, during the past nine years, electricity rates have been maintained at a stable level.
He said with the increase in the cost of electricity generation, the Ceylon Electricity Board submitted two proposals to the PUCSL to increase tariffs by 183% and 229% which were not approved.
Ratnayake said steps have been taken to increase tariffs by a reasonable rate.
He noted that according to PUCSL provisions they also sought public input before approving the tariff hike.
Ratnayake said although it costs Rs.32 to generate a unit of electricity at present, the cost is not imposed on consumers.
Ratnayake said consumers with less that 30 units will face a 264% increase while consumers with between 31 to 60 units will face a 200% increase in electricity tariffs.
Ratnayake said households with between 61 to 90 units monthly will experience a 125% rise in tariffs while consumers with between 91 and 120 units will face an 89% increase in bills.
He added consumers with a monthly use of between 121 to 180 units will see an increase of 79%.
The Public Utilities Commission of Sri Lanka today granted consent to increasing electricity tariffs by 75%.
He said steps have also been taken to encourage electricity consumers to promote renewable energy generation.
Ratnayake said during the public consultation, solar system users claimed that charging a monthly fee on their overall consumption is unfair.
Accordingly, the PUCSL has decided that a fixed charge should be determined on the basis of net consumption after deducting the number of units generated from total consumption.
He also added that the new tariff revision has been compiled to provide relief to the hotel and industrial sectors.