Supreme Court Orders CEB to Pay Interest on Security Deposits

The decision comes as part of a Fundamental Rights (FR) petition filed by the Electricity and Renewable Energy Consumers’ Association, which sought fair treatment for electricity consumers, including domestic users, who had deposited security funds with the CEB.

The court’s ruling mandates that the CEB pay annual interest on all security deposits across all consumer categories, ensuring that those who have made such deposits are fairly compensated for the use of their funds.

This order is expected to significantly impact electricity consumers across the country, offering them financial relief as interest is paid on their security deposits going forward. The CEB has yet to release an official statement regarding the implementation of the Supreme Court's ruling.