Sri Lankan power company seeks 13.56 pct tariff increase for second quarter of 2026

COLOMBO, Feb. 15 (Xinhua) -- The Ceylon Electricity Board (CEB), a major electricity company of Sri Lanka, has proposed a 13.56 percent increase in electricity tariffs for the April to June 2026 period, citing a projected revenue shortfall and cost pressures in its quarterly submission to the Public Utilities Commission of Sri Lanka (PUCSL).

The CEB estimated total costs for the April-June period at 136.5 billion rupees (441.5 million U.S. dollars). The estimated revenue at present tariffs is 116.9 billion rupees. After accounting for a brought-forward revenue surplus of 3.8 billion rupees, the CEB calculated a net deficit of 15.8 billion rupees for the quarter.

The CEB stated that the proposed 13.56 percent tariff adjustment is required to maintain financial stability and ensure uninterrupted electricity supply during the second quarter of 2026. The PUCSL is expected to review the proposal and decide in accordance with regulatory procedures.

In its proposal dated Friday, the CEB stated that total net generation required for the second quarter is estimated at 4,578 gigawatt-hours (GWh). Electricity sales for the quarter are projected at 4,230.3 GWh. Of this, direct CEB sales are estimated at 3,774.7 GWh, while sales to Lanka Electricity Company are forecast at 455.6 GWh. Enditem