Cabinet approves ‘cost-reflective electricity tariff’

Despite vocal opposition from the public and the political Opposition, the Cabinet of Ministers granted approval to amend the general policy guidelines for the electricity industry and to implement a cost-reflective electricity tariff from January 2023, Minister of Power and Energy Kanchana Wijesekera announced yesterday (9) evening.

The Cabinet Paper on the proposed increase of electricity tariffs was submitted by Minister of Power and Energy Kanchana Wijesekera to the Cabinet of Ministers at last week’s Cabinet meeting, following which the Cabinet deferred consideration of the controversial Cabinet paper to this week.

Wijesekera noted in a Twitter message last week that he briefed the ministers on the requirements, proposed tariff structure, energy forecast, and finances.

“The proposed electricity tariff revision was discussed at the Cabinet meeting held today (2 January). Briefed the ministers on the requirements, proposed tariff structure, energy forecast, and finances. One week was extended to the Cabinet of Ministers for their observations on the proposals,” he added.

The proposed electricity tariff hike has proven to be highly controversial, with trade unions, electricity consumers, the Buddhist clergy and the PUCSL voicing their opposition. The public petition launched by the Electricity Consumers’ Association, which ultimately seeks signatures of 6.9 million electricity consumers against a further electricity tariff increase, was handed over to PUCSL with 150,000 signatures earlier yesterday (9).

 

 

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