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Sri Lanka power utility proposes 5-pct hike to fill revenue gap without eliminating corruption or wastage

Sri Lanka power utility proposes 5-pct hike to fill revenue gap | Economynext: Sri Lanka's state-run Ceylon Electricity Board (CEB)�has proposed a 5 percent tariff hike across the board, saying it was responding to a 5 percent gap in revenues identified by the regulator for the next six months based on the costs of the utility.

According to the filed tariff, the CEB will get Rs17.78 billion in extra revenue from October 2016 to March 2017 to cover costs and returns.

The regulator can disallow costs of the utility that it does not agree with.

The CEB has to operate on a cost-reflective basis under a deal signed with the International Monetary Fund and make profits to repay old loans.
Sri Lanka power utility proposes 5-pct hike to fill revenue gap without eliminating corruption or wastageSocialTwist Tell-a-Friend

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