Category: Local News
















Tariff hike not enough to cover Ceylon Electricity Board’s operating costs – Fitch Ratings

Despite the sharp electricity tariff revision in August, it would not be enough to cover the Ceylon Electricity Board’s (CEB) operating costs, according to Fitch Ratings. The government increased the average electricity tariff by 75 percent in August 2022, amid higher feedstock costs, resulting in large losses for the CEB.