ECONOMYNEXT – Sri Lanka’s Ceylon Electricity Board is selling power to 5 million, or 70 percent of customers, at a loss, compared to generation cost, Energy Minister Kumara Jayakody said indicating that other customers are ‘taxed’ to run the utility at break-even cost. The average cost at point of generation has been brought down to 19.20 rupees, he said. “The selling price for households that use 30 units or less was 4.50 rupees (down from 8 rupees in 2024 July). The selling price up to 60 units was 8 rupees, down from 20. The selling price of up to 60…
Sri Lanka power utility sells to 70-pct of customer at loss, middle class hit 317-pct of cost
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