The Minister of Power and Energy, Kanchana Wijesekera, highlighted the likelihood of a reduction in electricity tariffs to earlier rates during the scheduled tariff revision in January 2024.
Speaking at a media briefing held at the Presidential Media Centre (PMC), Wijesekera attributed this potential tariff adjustment to the optimal performance of hydropower, which is currently being generated at maximum capacity.
Wijesekera shed light on the previous tariff hike implemented in October, emphasizing that it was necessitated by the higher cost of electricity generation resulting from the use of fossil fuels due to arid weather conditions at that time. However, he noted a significant shift in weather patterns, stating,
"The weather conditions have now changed. As we received rainfall during the past two months and the rainfall is expected to continue for two more weeks, the Ceylon Electricity Board (CEB) has informed us that the electricity tariff can be revised. During the tariff revision, the increased tariff can be reduced."
