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Electricity tariff hike in June!

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Sri Lanka President Anura Kumara Dissanayake has revealed that a June electricity tariff revision will see a hike.

Speaking during the ‘SATANA’ televised political discussion last night (May 02), President Dissanayake had emphasised the need for cost-reflective electricity pricing, aligning with recommendations from the International Monetary Fund (IMF). 

Addressing speculations on the upcoming electricity tariff changes, the President confirmed that the next revision will take place on June 01st. 

“The Treasury cannot continue to subsidize the CEB indefinitely. Electricity must be priced based on actual production costs,” he pointed out.

He also revealed that the CEB is burdened with Rs. 220 billion in legacy debt, which has now been restructured. “A portion of this debt will be factored into the tariff. While there may be a slight increase, it will still be lower than the rates in December 2024,” he assured.

Delay in 5th IMF tranche if not tariff increase”

Meanwhile, speaking at a media briefing yesterday, United National Party (UNP) National Organiser Sagala Ratnayake has said that the government is facing a dilemma as it must either increase the power tariff or face a delay in receiving the fifth tranche under the Extended Fund Facility (EFF) agreement signed with the IMF.

He pointed out that although Sri Lanka reached a staff-level agreement on the fourth review under the EFF agreement, approval from the IMF’s Executive Board is still pending.

“The staff-level agreement is subject to IMF Executive Board approval, contingent on (i) the implementation of prior actions relating to restoring electricity cost-recovery pricing and ensuring the proper function of the automatic electricity price adjustment mechanism, and (ii) the completion of the financing assurances review,” Mr. Ratnayake said, quoting the release issued by the IMF.

“The government will have to increase the power tariff to obtain the fifth tranche under the EFF agreement, as per the IMF release. Industries will be affected if the government increases power tariffs to recover costs,” he said, adding that the Sri Lankan government should issue a clear statement on this situation.

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This week’s Cabinet decisions

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A number of decisions have been taken at the Cabinet meeting held yesterday (May 07).

The decisions taken by the Cabinet of Ministers are as follows :

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New Commissioner General appointed to Examinations Dept.

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Subhashini Indika Kumari Liyanage has been appointed as the new Commissioner General of Examinations, effective immediately.

She succeeds H.J.M.C.A. Jayasundara, whose term ended on May 06, 2025.

Liyanage, a Special Grade Officer of the Sri Lanka Education Administrative Service, previously served as an Examinations Commissioner in the Department of Examinations.

Her appointment was approved by the Cabinet of Ministers.

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Speaker announces MPs nominated to serve on 06 SoCs

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Speaker Dr. Jagath Wickramaratne announced to Parliament today (May 08) the members nominated by the Committee of Selection to serve on 06 Sectoral Oversight Committees.

Accordingly, the members appointed to the 06 Sectoral Oversight Committees are as follows.

Sectoral Oversight Committee on Economic Development and International Relations

  • Lakshman Nipuna Arachchi
  • Mrs.Sagarika Athauda, Attorney at Law
  • Mrs.Nilanthi Kottahachchi, Attorney at Law
  • Kanthasamy Prabu
  • Wijesiri Basnayake
  • Thilina Samarakoon
  • Ms. Lakmali Hemachandra, Attorney at Law

Sectoral Oversight Committee on Infrastructure and Strategic Development

  • Manjula Suraweera Arachchi
  • K. Ilankumaran
  • Ravindra Bandara
  • Danushka Ranganath
  • Asitha Niroshana Egoda Vithana
  • Shantha Pathma Kumara Subasingha
  • Mrs. Geetha Herath, Attorney at Law

Sectoral Oversight Committee on Education, Manpower and Human Capital

  • Aboobucker Athambawa
  • Ms. Krishnan Kalaichelvi
  • Mrs. Nilusha Lakmali Gamage
  • Sugath Wasantha de Silva
  • Sujeewa Dissanayake
  • Sanjeewa Ranasingha
  • Sunil Rajapaksha

Sectoral Oversight Committee on Health, Media and Women’s Empowerment

  • Muneer Mulaffer
  • Dr. Nihal Abeysinghe
  • Mrs. Samanmali Gunasingha
  • Prof. Sena Nanayakkara
  • Dr. S. Sri Bavanandarajah
  • Jagath Manuwarna
  • Ruwan Mapalagama

Sectoral Oversight Committee on Environment, Agriculture and Resource Sustainability

  • Roshan Akmeemana
  • Upul Kithsiri
  • Mrs.M.A.C.S. Chathuri Gangani
  • Susantha Kumara Nawarathna
  • Sudath Balagalla
  • Kitnan Selvaraj
  • Bhagya Sri Herath, Attorney at Law

Sectoral Oversight Committee on Science, Technology and Digital Transformation

  • Chathuranga Abeysinghe
  • Arkam Ilyas
  • Lasith Bhashana Gamage
  • Thanura Dissanayake
  • Mrs. Hasara Liyanage, Attorney at Law
  • Dr. Janaka Senarathna
  • Chandima Hettiaratchi

The Speaker also announced that the Committee of Selection had also nominated Members of Parliament Wasantha Samarasinghe, Sundaralingam Pradeep, Aboobucker Athambawa to serve on the Committee on Parliamentary Business.

In addition, the Speaker further announced to Parliament that the Committee of Selection had also nominated Members of Parliament Aboobucker Athambawa, Arkam Ilyas, Mayilvaganam Jegatheeswaran to serve on the Committee on Public Enterprises (COPE) and Member of Parliament Sunil Rathnasiri to serve on the Committee on Public Accounts. (COPA).

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