Electricity rates will be increased from January to offset the withdrawal of the subsidy provided by the Ceylon Petroleum Corporation (CPC), Public Utilities Committee chief Damitha Kumarasinghe told the Sunday Times.
He said the proposed new rates would be announced on November 29 enabling the people to make their comments.Mr. Kumarasinghe said they were planning to charge extra rates from householders using more than 300 units a month, but would be finalised only after the public views were heard.
He said the people would be given two weeks to give their views and they hope to have a public hearing at the Sri Lanka Foundation Institute on December 15 before finalising the new rates.
Mr. Kumarasinghe said the new rates would be charged for five years to enable the Ceylon Electricity Board (CEB) to become a profitable venture. The CPC last month decided to stop providing the fuel subsidy it had been providing to CEB hitherto.