Mar 21, 2016 (LBO) – Sri Lanka’s power regulator is looking at tariff revision as one option to meet the revenue requirement of the Ceylon Electricity Board (CEB).
Director General of the Public Utilities Commission of Sri Lanka (PUCSL) Damitha Kumarasinghe told Lanka Business Online that the Commission has finalized the revenue requirement of the CEB.
“We have done a consultation on the revenue requirement of the CEB for the period of April to October,” Kumarasinghe said.
“We opened it for public consultations as well and got comments and now we have finalized the revenue requirement.”
Kumarasinghe however stated that they are also looking at methods of compensating it without going for a tariff revision.
“Now we have to look into the aspect of weather we need to have a tariff revision or how we could compensate that.” he said.
“So, the existing tariff structure will continue as we have not yet finalized or determined the new structure yet.”
Meanwhile the Long Term Generation Expansion Plan 2015 – 2034 prepared by CEB has already been submitted to the PUCSL for the approval.
“CEB submitted the generation plan but the commission has given some directives and guidelines for them to revise and resubmit. There are few things the commission highlighted,” said Kumarasinghe.
“One is about the adherence to the government policy and two is about the selection of the least cost option from options available,” he said.
“There were some other issues but those are the two main issues.”