[Sri Lanka] - Proposed tariff reduction inadequate; PUCSL requires revised proposal from CEB

INSUBCONTINENT EXCLUSIVE:
The Public Utilities Commission of Sri Lanka (PUCSL) has actually asked the Ceylon Electricity Board (CEB) to submit a revised proposition
for electrical power tariff decreases, specifying that the at first proposed tariff decrease is inadequate.PUCSL Communications Director
Jayanath Herath stated the CEB has been directed to supply an updated proposition by November 08
This follows a preliminary proposal submission by the CEB on October 24, in which the board proposed a reduction of electrical energy
tariffs varying from 4% to 11%
Regardless of this, several celebrations have voiced issues, arguing that the suggested decrease does not adequately reflect CEBs recent
success
They contend that provided the boards monetary efficiency over the past months, a more substantial tariff cut is necessitated to supply
meaningful relief to consumers.Herath stated that once the CEB submits the revised proposal, the PUCSL will prepare a counter-proposal to
make sure that the tariff revision aligns more closely with public expectations and recent financial realities.