Monopoly Market
Electricity tariff hike from April
Published on Tuesday, 12 March 2013 11:57
The Chairman of the Public Utilities Commission (PUC) Dr. Jayatissa De Costa has said that the public opinion regarding the proposed tariffs will also be taken into consideration before the price hike is introduced. According to the CEB proposal, a home using 40 units of electricity will have to pay Rs.384 instead of the previously paid sum of Rs. 244. 95. Under the new proposal, 0-30 units of a home line which is currently priced at Rs. 3 each will be increased to Rs. 05.Meanwhile, the value of domestic units 31- 60, which is currently at Rs.4.70 each, will be increased to Rs.6.Under prevailing provisions the electricity bill is based on unit category and the increase of value is based on increase of used units. Accordingly, if a consumer uses 120 units per month he will be charged Rs. 3 for the first 30 units, Rs. 4.70 from 30 to 60 units, Rs.7.50 from 61 to 90 units and Rs. 21 from 91 to 120 units. However, under the proposed system a consumer who use 120 units per month falls under the unit category of 91 to 120 units and each unit will cost Rs.15. Accordingly the electricity bill will be calculated considering that the consumer used 120 units, which cost Rs. 15 each.
The secretary of the ministry of power and energy M.M.C Fernando has stated that public will be informed of the new tariff rates today (12) and after a final decision will be made after taking their opinions to consideration. Noting that the price hike is temporary, he further stated that the tariff Fuel Adjustment Charge of 25% - 40% that is currently imposed will be removed from the CEB bill from 2014.This will reduce CEB bills from 25% - 40%, he further said. Which will lead to reduction of electricity tariff rates from 25% to 40%.The secretary said that 60%- 65% of the National Electricity Grid are generated by thermal power. And that the increase of fuel prices in the international
Published on Tuesday, 12 March 2013 11:57
The Chairman of the Public Utilities Commission (PUC) Dr. Jayatissa De Costa has said that the public opinion regarding the proposed tariffs will also be taken into consideration before the price hike is introduced. According to the CEB proposal, a home using 40 units of electricity will have to pay Rs.384 instead of the previously paid sum of Rs. 244. 95. Under the new proposal, 0-30 units of a home line which is currently priced at Rs. 3 each will be increased to Rs. 05.Meanwhile, the value of domestic units 31- 60, which is currently at Rs.4.70 each, will be increased to Rs.6.Under prevailing provisions the electricity bill is based on unit category and the increase of value is based on increase of used units. Accordingly, if a consumer uses 120 units per month he will be charged Rs. 3 for the first 30 units, Rs. 4.70 from 30 to 60 units, Rs.7.50 from 61 to 90 units and Rs. 21 from 91 to 120 units. However, under the proposed system a consumer who use 120 units per month falls under the unit category of 91 to 120 units and each unit will cost Rs.15. Accordingly the electricity bill will be calculated considering that the consumer used 120 units, which cost Rs. 15 each.
The secretary of the ministry of power and energy M.M.C Fernando has stated that public will be informed of the new tariff rates today (12) and after a final decision will be made after taking their opinions to consideration. Noting that the price hike is temporary, he further stated that the tariff Fuel Adjustment Charge of 25% - 40% that is currently imposed will be removed from the CEB bill from 2014.This will reduce CEB bills from 25% - 40%, he further said. Which will lead to reduction of electricity tariff rates from 25% to 40%.The secretary said that 60%- 65% of the National Electricity Grid are generated by thermal power. And that the increase of fuel prices in the international