Electricity Tariff In Sri Lanka Set To Be Reduced With Effect From July 16

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By  News On Air   Jul 15, 2024

Electricity tariff in Sri Lanka is set to be reduced with effect from tomorrow. The price cut is expected to bring some relief to the consumers in the island nation which is making efforts to revive its economy after it faced its worst ever economic crisis. The Public Utilities Commission of Sri Lanka (PUCSL) has approved a reduction of electricity tariffs by 22.5 per cent across the board. PUCSL chairman Prof. Manjula Fernando in an announcement said the tariffs have been reduced by 25 per cent for consumers who consume less than 30 units of electricity in the domestic sector. The unit price they pay will now be reduced from Rs 8 to Rs 6.

Meanwhile, the bills of electricity consumers with monthly consumption between 61 and 90 units will be reduced by 55 per cent, and the unit price for that category has been reduced from 20 to 9 rupees.

The PUCSL has also decided to reduce the tariffs by over 30 per cent for religious places, Prof.  Fernando added. The revision includes a 33% reduction for the hotels and minor industries during the daytime as well.

The PUCSL has been adopting cost-reflective pricing for electricity in line with the IMF programme.