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* Sri Lanka Power and Energy Ministry dismisses rumors of electricity tariff hikes
Fri, Jan 25, 2013, 09:51 am SL Time, ColomboPage News Desk, Sri Lanka.

Jan 25, Colombo: The Power and Energy Ministry of Sri Lanka says it has no plans to increase electricity rates in the near future.

Issuing a statement, the Ministry denied rumors of a tariff hike in the near future and said that it will send its recommended tariff revision to the power sector regulator, the Public Utilities Commission.

The Ministry has noted that the while the PUC functions under the President, a tariff revision could only be implemented with Cabinet approval.

According to the Power and Energy Ministry, a tariff revision at present would add an undue burden on several millions of electricity consumers in the country.

The Minister of Power and Energy Patali Champika Ranawaka recently highlighted the need for introducing a formula to decide the electricity tariff.

** Related Story :: Sri Lanka Power Minister highlights the need for a formula to decide power tariff

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