IMF, officials discuss power tariff reforms ahead of November deadline

THE Parliament Secretariat yesterday said that an International Monetary Fund (IMF) technical team and MPs recently met to review the Ceylon Electricity Board’s (CEB) electricity tariff methodology and reforms ahead of a November 2025 deadline under the ongoing IMF Extended Fund Facility (EFF) program.

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While the meeting was a technical review and not a policy formulating exercise, the Sri Lankan side had intervened to stress that the tariff methodology adopted for the energy sector must balance cost reflectiveness and cost recovery, renewables, and affordability.

An IMF technical team, led by Delphine Prady, held the joint meeting with the Committee on Public Finance (CoPF), the Committee on Public Enterprises (COPE), the Sectoral Oversight Committee on Infrastructure and Strategic Development, Government and Opposition MPs, and officials from the Energy Ministry, Finance Ministry, CEB, and the Public Utilities Commission of Sri Lanka (PUCSL).

During the discussions, it was noted that cost recovery ensures the sector as a whole covers its total expenditure, thereby preventing inefficiencies and attracting the investment and credit needed to modernise.