Fri, 19 Apr 2024 Today's Paper

CEB notifies 14% average tariff revision to PUCSL

28 February 2024 10:26 pm - 7     - {{hitsCtrl.values.hits}}

A A A

Colombo, Feb 28 (Daily Mirror) - Contradicting the statement by the Energy Minister that electricity tariffs can be reduced by 18 per cent, the Ceylon Electricity Board (CEB) has informed the Public Utilities Commission of Sri Lanka (PUCSL) that the tarrif can be reducded by an average of 14 per cent.

They said the tariff has been strategically reduced significantly by the control of the Central Bank enabling it to yield significant financing benefits. By making project loans more affordable, the CEB can reduce the financing burden.

The CEB said the revised tariff proposal has been prepared considering a relief to the entire tariff customer category.

According to the letter, the tariff has been strategically reduced significantly by the control of the Central Bank enabling it to yield significant financing benefits. By making project loans more affordable, the CEB can reduce the financing burden.

The PUCSL chairman said that the CEB revised the personnel expenses, material costs, expenses for maintenance of civil structures (personnel, material costs, and accommodation), and fuel/vehicle maintenance of utility vehicles, communication services to vital stations such as power plants and grid substations (transport and communication expenses), retail service costs and other costs.

The current economic landscape in the country has severely impacted workforce availability in the distribution divisions where the nature of the work is labour-intensive. This has also resulted in a reduction in certain personnel and material costs.

It is to be noted that the country is approaching the dry season, driving up the electricity demand. The hydro machine maintenance is scheduled for a dry period, aiming to keep the hydro fleet in sound condition before the next wet season. Postponing maintenance activities has limitations to ensure that CEB can meet the increased demand without resorting to expensive plant operations and risking rolling demand management procedures.

Several maintenance and upgrade projects in the Generation Division are facing delays, resulting in adjustments to disbursements in 2024. At the Victoria Power Plant, initiatives including stator replacement, transformer replacement, and turbine overhaul are estimated at Rs. 2,540 million, with 40% of the funds expected to be disbursed this year.

Similar refurbishments at Kotmale, Ukuwela, Upper Kotmale, and Bowatanna plants are nearing completion, focusing on circuit breaker replacement, turbine head cover replacement, and AVR procurement, respectively.

However, at the time the copy went to print, the PUCSL chairman said a discussion was going on at his office in the evening regarding the decision of announcing the electricity tariff revision.


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 7

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka
  • Anura Kumara Wednesday, 28 February 2024 11:20 PM

    There is no contradiction. It was told that the reduction would be from 12% to 18%. Therefore the average could be 14%. By using phrases that look sensational, you lose the trust on your newspaper

    Make it profitable Thursday, 29 February 2024 04:06 AM

    Just privatize the CEB. Too many idling, big mouthed workers.

    ravin Thursday, 29 February 2024 07:32 AM

    It's time to change the name of PUCSL -public utility commission of Sri Lanka to CFCSL - commission facilitating commission of Sri Lanka. Because they facilitate commission earners interest.

    Gilmart Thursday, 29 February 2024 10:47 AM

    Bunch of illiterates! Use weighted average to show correct values. This country tolerates mediocrity

    Tom Thursday, 29 February 2024 11:38 AM

    Mr. Minister, speed up the privatisation of CEB. All the wealth accumulated by the top decision makers

    Ty Thursday, 29 February 2024 11:46 AM

    Another spanner in the works by CEB. First of all give the top people of CEB show cause letters for initially giving a 3% reduction when the actual figure should have been much higher than that. Their latest proposal could be used against them.

    jackie Thursday, 29 February 2024 12:47 PM

    Please partner with a telecom provider to send automated sms of the utility bill instead of having a person to visit houses and move these people to some actual productive work.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka