The proposed electricity rate reduction in Sri Lanka faces an extended delay, with revisions to take at least six more weeks. This follows the Public Utilities Commission’s recent rejection of the Ceylon Electricity Board’s (CEB) initial proposal, citing non-compliance with required procedural standards.
The CEB has since requested a week to amend its proposal to align with official guidelines. Even once the revised proposal is submitted, further scrutiny and approval processes are expected to take additional time, potentially pushing any anticipated rate cuts well into the coming months.
This delay is likely to impact both residential and commercial consumers, who have been awaiting relief from current high electricity tariffs amid economic challenges.
