Electricity tariffs up 15% from today

► INDUSTRIAL USERS SEE ANNUAL NET RELIEF

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The Public Utilities Commission of Sri Lanka (PUCSL) yesterday approved a 15 percent increase in electricity tariffs, moderating the previously proposed hike.

According to the power sector regulator, the revision delivers a net annual relief for key sectors such as industry and hospitality.

While the revision is set to raise costs for commercial users and government institutions, the overall adjustment, which comes into effect from today, results in a lower electricity burden compared to 2024, for most large-scale operators.

The PUCSL said the tariff increase follows a comprehensive review of the Ceylon Electricity Board’s (CEB) request for an 18.3 percent hike and reflects inputs gathered through public consultations.

The PUCSL emphasised that the decision aligns with the cost-reflective pricing methodology approved by law and would be accompanied by a published account of how public suggestions were incorporated.