New CEB proposal to reduce electricity tariffs by nearly 20 percent

COLOMBO (News 1st); Plans are in place to reduce the electricity tariff by nearly 20 percent through the new proposals of the Ceylon Electricity Board.

The new proposal is due to be submitted to the Public Utilities Commission of Sri Lanka on Thursday (22).

When inquired by News 1st on how the CEB, which proposed to reduce electricity tariffs by 3.4 percent, increased the percentage through the new proposal, CEB Spokesperson Engineer Noel Priyantha said it could only be done by reducing the maintenance cost.

He said in the recent past due to the COVID-19 pandemic and the economic crisis, the CEB was unable to import spare parts required for maintenance, due to the inability to open Letters of Credit.

Priyantha said the engineers are working to gather the required parts, adding they will carry out essential maintenance work and delay other activities, following discussions with the manufacturer.

The PUCSL informed the CEB to submit a new proposal following the public consultation held on the 15th of February regarding the revision of the electricity tariff.