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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Electricity tariff hikes of 25 percent likely

Electricity tariff hikes of 25 percent likely

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Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

The Ceylon Electricity Board’s cost estimates for this year are being evaluated by the Public Utilities Commission (PUC) with a likely tariff hike of more than 25 per cent.

The CEB has projected that it would cost the board Rs. 268 billion to generate, transmit and distribute electricity this year. Generation alone will amount to Rs. 235 billion. The estimate last year was Rs. 218 billion. Although the PUC had whittled this down to Rs. 186 billion, it still resulted in a 25 per cent increase in electricity prices to consumer
http://sundaytimes.lk/latest/30374-electricity-tariff-hikes-of-25-percent-likely-.html

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