Sri Lanka’s Public Utility Commission Calls for Reduction in Electricity Bills Amid Falling Fuel Prices

Sri Lanka’s Public Utility Commission has called on the Electricity Board to submit a proposal to reduce electricity bills in response to falling fuel prices. In a letter to the board, Janaka Ratnayake, the commission’s chairman, noted that the request was prompted by the drop in global coal prices and the strengthening of the rupee against the dollar.

Ratnayake further stated that a reduction in fuel costs could result in a 20% decrease in electricity tariffs. This move is expected to provide relief to consumers grappling with rising energy costs amid the economic downturn caused by the COVID-19 pandemic