Electricity bills across Sri Lanka are set to surge, with the Ceylon Electricity Board preparing to propose a jaw-dropping 33% or higher tariff increase to the Public Utilities Commission as early as next week.
This move comes as part of Sri Lanka’s ongoing obligations under its loan agreement with the International Monetary Fund (IMF), which has demanded the implementation of a cost-reflective pricing model for electricity across the country.
Sources indicate that the proposed tariff hike will not only meet but could exceed the 33% threshold, placing additional pressure on already burdened consumers. The IMF has reportedly insisted that the new pricing structure be finalized and submitted before the disbursement of the next loan installment.
With economic recovery hanging in the balance and the cost of living already on the rise, this looming electricity tariff revision could spark widespread public outcry as citizens grapple with yet another financial jolt.
