CEB Revenue less than anticipated

29 December 2010 09:17 am - 8 - {{hitsCtrl.values.hits}}

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The Ceylon Electricity Board (CEB) had expected additional revenue of Rs. 24 billion from the tariff increase proposed earlier but will have to be content with only Rs.12 billion after the actual increase of 8% for users above 120 units a month, the Public Utilities Commission of Sri Lanka (PUCSL) said.

Chairman, PUCSL Dr. Jayaissa De Costa said the decision to increase the relief package from 90 units to120 units a month would deprive the CEB of Rs. 400 million.

The PUCSL after much deliberation, public hearings and consultation with consumers, private power suppliers and the industrial sector through a committee suggested to the government a tariff increase of 8% for consumers who use more than 90 units a month. (SAJ)

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Comments - 8

Konde bendapu china Wednesday, 29 December 2010 09:54 AM

do not reverse the decision to 90 units

Ashoka Wednesday, 29 December 2010 10:56 AM

All the projects like Norochchole, Kerawalapitiya were intended to reduce the electricity charges. But finally people have to bare all the burdens of electricity board. What a pathetic situation?

Fayad Wednesday, 29 December 2010 11:32 AM

Good move, Really appreciated !!!!!!!!!!!!

samad Wednesday, 29 December 2010 03:07 PM

after the local election everyting will be changed. famine under famine is on the way

Cheena Pattas Thursday, 30 December 2010 12:20 AM

Simple arithmetic. Need a commission to say this.

abc Thursday, 30 December 2010 02:26 AM

No strange even the tariff is increased 100% CEB will say we are incurring loss, Non of the goverment take steps to eradicate the waste and corruption ocurring in all departments, which will reduce the costs of all things, Ex, how many machineries lying in all dept yards which can b put to use. For everything we poor people have to bear the brunt.

Mohamed Thursday, 30 December 2010 04:09 AM

Making the rich richer and the poor poorer, Middle class PERISH

Mohamed Thursday, 30 December 2010 04:09 AM

Basic Economics - Increase Profit by reducing cost or increase revenue. GoSL Economics - Increase profit by increasing cost and increase revenue - Poor masses suffer

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CEB Revenue less than anticipated

Comments - 8

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