Electricity consumers will be paid interest on security deposit: PUCSL

Public Utilities Commission of Sri Lanka (PUCSL) has announced that interest will be paid to electricity consumers on their deposits made when applying for connections.

PUCSL Chairman Janaka Ratnayake announced an interest rate of 8.68 percent will be paid for 2021 starting, today.

The benefit provided to the consumer under Section 28 of the Sri Lanka Electricity Act, which specifies that an electricity consumer must be paid interest on the security deposit paid by his client company or licensee.

According to Ratnayake, the delay so far in paying the interest was due to a number of issues, including finalisation of the interest component to be paid.