Cabinet nod to implement cost-reflective electricity tariff formula
January 9, 2023 06:53 pm
The Cabinet of Ministers has granted approval to implement a cost-reflective Electricity Tariff Formula based on which the tariff will be increased, sources told Ada Derana.
However, the Cabinet has not decided upon a timeframe to implement it, according to sources.
It is also reported that further measures regarding the matter will be taken after the relevant proposal for the implementation of the Tariff Formula, is referred to the Public Utilities Commission of Sri Lanka (PUCSL).
UPDATE: In a tweet, Minister of Power and Energy Kanchana Wijesekera confirmed that Cabinet approval was granted to amend the general policy guidelines for the electricity industry and to implement a cost reflective electricity tariff to be implemented from January 2023.
Cabinet approval granted to amend the general policy guidelines for the electricity industry and to implement a cost reflective electricity tariff to be implemented from Jan 2023.
— Kanchana Wijesekera (@kanchana_wij) January 9, 2023
