Electricity prices in Sri Lanka increased by 264 percent..

Sri Lanka's state-run utility company on Tues declared a 264 % increase within the bill rates for the bottom power users. Higher electricity users can face lower will increase. The loss-making Ceylon Electricity Board (CEB) aforementioned the regulator had allowed the speed hike to hide a number of its accumulated losses of $616 million.

 this can be the primary increase in electricity costs in 9 years.CEB asked for a price hike of over 800 percent. But the regulatory agency has capped the maximum at 264 percent, officials said.Two-thirds of the 7.8 million households using less than 90 kilowatts of electricity per month will be affected by the maximum increase. Large customers, on the other hand, will only pay about 80 percent more.

Currently billed at Rs 2.50 per unit, the smallest consumers will have to pay Rs 8. On the other hand, the big consumers paying Rs 45 per unit will have to pay Rs 75. thanks for visit toptime site