The Public Utilities Commission of Sri Lanka (PUCSL) has granted approval for an 18% increase in electricity tariffs for 5% of consumers.

The Public Utilities Commission of Sri Lanka (PUCSL) has decided to increase electricity tariffs by 18%, citing three primary factors, including an estimated revenue deficit of approximately Rs. 38 billion affecting both the current and upcoming quarters.

However, the Commission has noted that, following the Government’s written commitment to provide a subsidy of Rs. 15 billion, the tariff revision will affect only around 5% of electricity consumers.

The PUCSL further clarified that the revised tariffs will not apply to the remaining 95% of the consumer base.