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Deputy Minister of Finance, Anil Jayantha Fernando, has acknowledged that electrical energy tariffs might be lowered via a three-year long-term plan that the federal government expects to implement, and that such value will increase are short-term, amidst the Ceylon Electrical energy Board (CEB) proposing a 13.56 p.c enhance in electrical energy tariffs for the second quarter of this 12 months. The Deputy Minister additional identified that these tariffs are decided in response to a mechanism to cowl electrical energy technology prices, and that the federal government has launched a extra concessional mechanism, even decrease than the technology price, for particular classes reminiscent of low-income households and spiritual establishments.
Based on this new proposal, submitted to the Public Utilities Fee of Sri Lanka below the signature of Engineer Ok.S.I. Kumara, Common Supervisor of the Ceylon Electrical energy Board, a tariff revision has been requested for the interval from April 01 to June 30. A significant motive for that is the necessity to pay an gratuity of roughly 150 crore rupees to staff who voluntarily retire throughout the restructuring of the Ceylon Electrical energy Board. Moreover, the upkeep work on the essential hydropower vegetation of Randenigala, Victoria, and Samanala will halt their operations for a number of weeks, necessitating the acquisition of electrical energy from fuel-based energy vegetation at a better price throughout that interval, together with elevated transmission prices, that are different elements contributing to this tariff enhance.
Based on the brand new proposal, the worth of an electrical energy unit will considerably enhance. Below this, the present cost of Rs. 4.50 for the 0-30 unit class is about to extend to Rs. 5.11, and the present tariff of Rs. 8.00 for the 31-60 unit class will enhance to Rs. 9.08. For consumption between 61-90 models, the worth per unit, which was Rs. 18.50, is proposed to extend to Rs. 21.01, and for consumption between 91-120 models, the tariff of Rs. 24 is proposed to extend to Rs. 27.25. Moreover, the Electrical energy Board has requested to lift the worth per unit from Rs. 41 to Rs. 46.56 for the 121-180 unit class, and from Rs. 61 to Rs. 69.27 for the class above 181 models.
Along with the quantity of models consumed, the month-to-month mounted cost levied on shoppers can be deliberate to be elevated via this proposal. The mounted cost for shoppers within the 0-30 unit class, which was Rs. 80, might be elevated to Rs. 90.85, and for the 31-60 unit class, it’s going to enhance from Rs. 210 to Rs. 238.48. For the 61-90 unit class, it’s set to rise from Rs. 400 to Rs. 454.24, and for the 91-120 unit class, the mounted cost of Rs. 1,000 will enhance to Rs. 1135.60. It has been proposed to revise the mounted expenses for the 121-180 unit class to Rs. 1703.40 as an alternative of Rs. 1500, and for the class above 181 models to Rs. 2384.76 as an alternative of Rs. 2100.
A senior official of the Public Utilities Fee, commenting on this proposal to extend tariffs, acknowledged that these issues might be completely thought-about in accordance with the Fee Act. Accordingly, the ultimate determination concerning the electrical energy tariff revision is predicted to be introduced within the final week of March. Beforehand, a proposal submitted by the Ceylon Electrical energy Board to extend electrical energy tariffs for the primary quarter of this 12 months was additionally rejected by the Public Utilities Fee based mostly on technical points.