The Electricity Consumers’ Association (ECA) has alleged that the Ceylon Electricity Board (CEB) is imposing an additional financial burden of approximately Rs. 50 billion on electricity consumers by purchasing fuel for electricity generation at retail prices. In a statement to The Daily Morning, ECA General Secretary Sanjeewa Dhammika explained that, prior to 2022, fuel was
In August 2024, Sri Lanka’s national consumer prices eased to 1.1% year-on-year, down from 2.5% in July. This significant deceleration was driven primarily by declining food prices and reduced electricity tariffs, offering financial relief to consumers. On a month-to-month basis, consumer prices fell by 1.4% in August, accelerating from the 0.6% decline recorded in July.
Power and Energy Minister Kanchana Wijesekera announced yesterday that the Ceylon Electricity Board (CEB) used its net profit of Rs. 93 billion, registered by June 2024, to settle various power project debts. In a post on ‘X,’ Minister Wijesekera detailed that the net profit was utilized to pay outstanding amounts owed to renewable energy developers,