The Chairman of the Public Utilities Commission, Janaka Ratnayake, stated that the electricity bill should not be raised again because the country is in an economic slump.
Mr. Janaka Rathnayake stated that he spoke to the media on (10) after attending a ceremony at the Nuwara Eliya Technical College.
Mr. Janaka Ratnayake, who left a comment here, stated
There is a lot of debate about the increase in electricity bills; according to the Electricity Act, the Public Utilities Commission will make a decision about the electricity bills after 2010.
When the Electricity Board makes a proposal, the Public Utilities Commission raises the electricity bill after determining whether the proposal is correct.
The Electricity Board’s trade unions claim that the Public Utilities Commission has previously caused losses to the Electricity Board.
That is a blatant lie; the political authority intervened in 2014 and reduced the electricity bill by 25%. If a company’s revenue is reduced by 25%, it will lose $50 billion per year.
The loss from 2015 to now is due to a 25% reduction in the electricity bill; aside from 2016, the Electricity Board has never proposed to the Public Utilities Commission to increase the electricity bill.
After giving written notice in January, the electricity bill was increased in August only after I became chairman.
