Sri Lanka raises electricity prices to offset arid weather costs
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E-mail Xinhua, October 20, 2023
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COLOMBO, Oct. 20 (Xinhua) -- The Public Utilities Commission of Sri Lanka (PUCSL) said the electricity rates will be increased by approximately 18 percent starting from Friday.
These revised rates will remain in effect until June 30, 2024, according to the PUCSL.
The decision to raise tariffs came after the Ceylon Electricity Board requested the PUCSL to adjust electricity prices to offset the costs incurred during periods of arid weather conditions in the South Asian country.
The state-run Ceylon Electricity Board raised the tariff by 66 percent in February, and there was a reduction in the rates by 14 percent with effect from July. Enditem
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